$BTC
BTC has been in a very chaotic market recently, with a huge divergence between long and short positions. On the one hand, it is due to the uncertainty of the US interest rate cut and the external environment is still at war. On the other hand, the market lacks new hot spots to ignite the market. It fluctuates repeatedly. Technically, it rebounded from the edge of the 52500-54000 large cycle bull flag, which is in line with expectations. Now it has come to the pressure range of 60500-62000. From the perspective of time and space, the adjustment is sufficient. The Fed meeting tonight is expected to have large fluctuations. If the interest rate is cut by 25bp, it is estimated that there will be a wave of decline. If 50bps meets expectations and continues to rise, 75bps will exceed expectations and will pull up. From the technical form, the bull market has not ended. It continues to be bullish in the medium and long term, and the short-term outlook is more volatile. The upper pressure position is 60000-61500, and 64000-65000.
