Looking at the analysis report on Bitcoin on X., those who are bullish are very optimistic. this optimism is blind! The green box marks the core resistance level. Above it, there are also the highest point of this oscillation and the lowest point of 12.6K as resistance levels. 🐻
#Bitcoin $BTC This kind of rebound is for you to short sell. Under no circumstances should it be treated as a long-term bull position for bottom-fishing (short-term bull positions are acceptable).
There are still two interest rate meetings before his term ends, and it is believed that the market sentiment will not be too optimistic. It is only after June that there will be a good fundamental situation. Therefore, it is better to focus on short selling.
Trump nominated the new Fed ChairpersonKevin Warsh, and even threatened to force him to cut interest rates, claiming that he would sue him if he did not. However, the current Fed Chairperson, Powell, will not step down until May 15th this year.
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