BTC interest rate cut by 25 basis points in the early morning, but the price has not broken through and has instead dropped again. The next interest rate cut may be in mid-next year, so this rate cut has not had much of a positive effect on the price. Currently, there is no significant impact from news, and the pattern remains in an ascending triangle. In the short term, the price will test the support below again.
Pay attention to the range of 88,000-89,000. If it does not break below this range, you can enter a long position. Originally, the plan was to enter long below 90,000, but the current trend still seems weak. Those who have entered can take profits for now and wait for a pullback to the support range before considering re-entry. There will likely be a rebound after that, so when it pulls back to 88,000-89,000, you can enter long directly.
