In the context of a constantly fluctuating global economy, cryptocurrency traders are cautiously reducing leverage after the U.S. Federal Reserve expressed its intention to maintain stable interest rates and may pause its balance sheet reduction. Meanwhile, the yield on 10-year Treasury bonds has decreased and the dollar has weakened, driving a rally in the cryptocurrency market.

The CoinDesk 20 index has risen by 1.4% and Bitcoin has gained an additional 1.2% in the past 24 hours. However, with declining demand and increasingly reduced activity on the blockchain, Bitcoin prices risk falling to $86,000 from the current level of over $97,000. Cautious signals from traders are clearly reflected in the decrease in volatility and the drop in Bitcoin futures, from nearly $70 billion in January to below $60 billion.

Altcoins, especially meme coins like Solana, have also seen a decline in open contracts. Analysts suggest that the market may be entering a new phase influenced by macroeconomic factors and geopolitical tensions. Upcoming economic reports and events related to tokens are expected to shape market movements in the near future.

Bitcoin recently bounced back from the 50-day Exponential Moving Average (EMA), seen as part of a bullish pattern aiming for a target of $148,000. After a 7.50% drop from the record high of around $123,250, analysts believe this could be the final liquidation before a breakout towards the $150,000 threshold. The 50-day EMA has previously acted as strong support, with recent movements indicating the possibility of repeating previous bullish behavior.

Furthermore, the recent sale of 80,000 BTC by a 'whale' is seen as a typical profit-taking wave, often setting the stage for future accumulation and price increases. Historical trends indicate that these cooling-off periods often predict new highs, supporting the idea of an upcoming price recovery.

The article emphasizes the importance of conducting personal research before making investment decisions.