Thursday Analysis
After the Federal Reserve's interest rate cut and Powell's speech, Bitcoin's volatility remains significant, initially spiking upwards to around the 94400 point before entering a downtrend, currently hovering near 90000, essentially experiencing a drop of over four thousand points.
Today's trading strategy primarily focuses on taking long positions, with a high probability of breaking the 90000 support level downwards; however, this isn't a major issue, as a pullback presents a buying opportunity.
Long positions between 89600-89100, targeting 93500; if it does not break, one can short on the reversal, and if it breaks, continue to look towards 95000.
$BTC
After the Federal Reserve's interest rate cut and Powell's speech, Bitcoin's volatility remains significant, initially spiking upwards to around the 94400 point before entering a downtrend, currently hovering near 90000, essentially experiencing a drop of over four thousand points.
Today's trading strategy primarily focuses on taking long positions, with a high probability of breaking the 90000 support level downwards; however, this isn't a major issue, as a pullback presents a buying opportunity.
Long positions between 89600-89100, targeting 93500; if it does not break, one can short on the reversal, and if it breaks, continue to look towards 95000.
$BTC
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