Bitcoin Market Analysis

The market is experiencing a oscillating pullback, but the support at 50,000 prevents panic. There's no significant narrative driving price increases in the short term, and it's unlikely for Ethereum's spot ETF to pass in the near future. With Bitcoin halving still two months away and decreasing expectations of rate cuts, the market is in a wait-and-see mode.

Chart Trend :-

Currently, the 1-hour trend is expected to consolidate around this level. As long as it doesn't drop below 46,000 and 44,000, reaching new highs remains highly probable. However, February's CPI situation warrants attention. If it doesn't improve, the market may discount rate cut expectations for this year.

Trading Tips:-

Trading's ultimate test lies in human nature. Profit wisely, avoid greed; cut losses promptly to safeguard capital. #Write2Earn #TrendingTopic