What does everyone think of the Federal Reserve? Panic is high because it's time to harvest again. Be careful with your bullets.
The price of Bitcoin rebounded around 105300 at noon and then fluctuated downwards again. Our short positions have made a nice profit. There was a piece of news in the early morning, and the current price is fluctuating around 104000. From the 4-hour chart, it can be clearly seen that the lower band of the Bollinger Bands is gradually narrowing, and the price has tested 103000 twice during the day without extending further down. This indicates that the support in this area is too strong, and a short-term rebound after hitting the bottom is expected (forecasting a spike to 102700 and rebound) to around 107800 or 105700 before another drop, which is one thought process.
In the short term, first look at whether it can hold above 104700 close to 3 o'clock; if it can't hold, it is likely to go down first, then rebound, and then face further declines.
Taking an hour as an example, if it holds above, it moves up, then down, with a rhythm that may have significant fluctuations, and the predicted points may differ; it's suggested to trade cautiously.
