Let's take a look at today's market analysis. First, let's look at Bitcoin. Yesterday, we mentioned that Bitcoin was consolidating in the range of 83,000-86,000.
Last night, due to a speech by Powell, there was a small drop before the speech.
This drop clarified one point: the Federal Reserve will not be influenced by any political factors. Subsequently, the market experienced a slight rebound. Why did this rebound occur? It conveyed several signals. First, it no longer rejects cryptocurrencies; second, it acknowledges cryptocurrencies. Additionally, given the global liquidity shortage of dollars among central banks, it may provide dollar support to global central banks. This led to a rebound.
Yesterday, we already mentioned that we could bet on long positions around 83,000. In fact, we had taken two long positions at this level.
Yesterday, we made a significant profit and exited. Our short position did not enter at 86,000, as it had not reached that level. The market trend remains clear, consolidating in the range of 83,000-86,000.
We will wait for the direction to emerge in this range. If it breaks above, we will look at 88,000-90,000. If it falls below 83,000, we will look at the key level of 80,000. Overall, Bitcoin's position is quite clear; it is currently in the middle position, and we will wait for it to choose a direction.
This is today's market analysis.
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