๐จ MARKET UPDATE: The Fed Holds Interest Rates, $BTC Ready to Soar?
Bitcoin ($89,510) remains stable after the Federal Reserve decided to hold interest rates at 3.75%. No surprises from The Fed, which means the market can focus on larger fundamental catalysts! ๐
๐ฅ WHY BULLISH? (Probability Up 63%)
US GENIUS ACT: The Trump administration officially designates Bitcoin as "Strategic Reserve". This is a game changer!
ETF Record: Spot ETF capitalization surpasses $100 Billion. Institutions are not stopping their accumulation.
On-Chain Data: Elite Long/Short ratio at 1.92. Smart money is still optimistic about prices rising.
โ ๏ธ RISKS TO MONITOR:
Whale Alert: A transfer of 728 BTC into Bybit (potential selling pressure), although there is also 832 BTC exiting from Binance.
Technical: Negative divergence in the daily MACD. Be cautious if it fails to break resistance at $94.8k.
๐ฏ TRADING STRATEGY (Xiezha Insight)
Theme of the week: "Defense at $84,000".
๐ Bull Scenario: As long as the price is above $84k - $85k, the trend remains very healthy. Nearest target: Re-test $94,800.
๐ Bear Scenario: If it breaks $84k, we might see a deeper correction.
Opinion: The fundamental news from the US (Genius Act) is too big to ignore. Corrections are buying opportunities for institutions.
Are you Team HOLD or Team TP first? Comment below! ๐