In the context of a continually fluctuating global economy, cryptocurrency traders are cautiously reducing leverage after the U.S. Federal Reserve (Fed) 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, prompting a price rally in the cryptocurrency market.

The CoinDesk 20 index has risen 1.4% and Bitcoin has gained an additional 1.2% in the past 24 hours. However, with declining demand and reduced activity on the blockchain, the price of Bitcoin risks falling to $86,000 from the current level of over $97,000. Cautious signals from traders are clearly reflected in the drop in volatility and the decline in Bitcoin futures contracts, 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 rebounded from the 50-day Exponential Moving Average (EMA), seen as part of a bullish pattern targeting $148,000. After a 7.50% drop from the record high of around $123,250, analysts believe this could be the final liquidation before breaking through the $150,000 threshold. The 50-day EMA has previously acted as strong support, with recent movements indicating the potential for a repeat of earlier 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.