Let me share my core forecast with everyone—just for reference.
As for this rate hike itself, it was actually already priced in by the market in advance.
What really suppressed the market is Powell’s relatively hawkish remarks, as well as expectations that further rate hikes may continue later in the year.
So for this rebound, I temporarily lean toward viewing it as a sentiment repair after bearish news has been realized, rather than a trend reversal.
In the short term, BTC is likely to continue to trade in a weak sideways range. First, watch the support zone at 74,500—75,000.
If this level is breached, the room for a medium-term correction could open up further, and the next target to watch would be the 67,000—71,000 range.
In the current environment, personally I’m more inclined to:
Not chase the rebound, and don’t rush to bottom-fish.
If the price rises again, focus on the sell pressure at the highs and how well the market absorbs it, rather than blindly chasing longs.
The market doesn’t need to be rushed—just wait for the key levels to provide the answer.#BTC走势分析
As for this rate hike itself, it was actually already priced in by the market in advance.
What really suppressed the market is Powell’s relatively hawkish remarks, as well as expectations that further rate hikes may continue later in the year.
So for this rebound, I temporarily lean toward viewing it as a sentiment repair after bearish news has been realized, rather than a trend reversal.
In the short term, BTC is likely to continue to trade in a weak sideways range. First, watch the support zone at 74,500—75,000.
If this level is breached, the room for a medium-term correction could open up further, and the next target to watch would be the 67,000—71,000 range.
In the current environment, personally I’m more inclined to:
Not chase the rebound, and don’t rush to bottom-fish.
If the price rises again, focus on the sell pressure at the highs and how well the market absorbs it, rather than blindly chasing longs.
The market doesn’t need to be rushed—just wait for the key levels to provide the answer.#BTC走势分析