In the early morning, the Federal Reserve announced a rate cut of 25 basis points, in line with market expectations. Bitcoin once again stretched and broke the previous high, reaching around 76900. The daytime saw the expected pullback.
Currently, the overall structural trend still indicates a bullish outlook, but the daily level has formed a doji candle. This signal suggests that we need to pay attention to potential pullback and correction actions in the short term. The market is expected to undergo a corrective phase before pushing for a rebound. During the day, we still anticipate a bullish pullback.
Around 74700-75200 bullish, looking at 77000-77700 range.
Around 2840-2870 bullish, looking at 2960-3000 range.
