After two consecutive days of positive news on interest rate cuts, the Bitcoin (BTC) market showed clear signs of a rebound. However, despite the seemingly positive market sentiment, Bitcoin failed to break through the key resistance level of 64219. This reflects that the strength of market capital inflows may not be as strong as expected. After experiencing multiple rounds of bull markets, although Bitcoin has a huge market value, market control seems to have fallen into the hands of a few large players.

For market makers, the pursuit of maximum profit is their unchanging goal. They usually maximize profits by pushing up prices and then distributing chips at the right time. Judging from the recent market trend, Bitcoin may enter a range-bound oscillation phase, with resistance at 64219 and support around 61685 and 60000. However, from the weekly chart, the MACD indicator has shown a golden cross signal, which indicates that the market may be in an upward cycle.

In the long run, it seems inevitable that the price of Bitcoin will break through or approach the previous high of 73,000. Although some people predict that the price of Bitcoin may reach $100,000, a conservative estimate of $80,000 may be more realistic. Of course, as market sentiment changes, investors need to adjust their investment strategies in a timely manner and decide whether to continue holding or exit at the right time.

Although the Federal Reserve has begun to cut interest rates, for large capital, the 5% deposit rate in the United States is still attractive compared to other countries or investment channels. It takes time for funds to flow back from the United States or transfer to other financial markets. Only when the interest rate cut policy is continuously implemented will large funds gradually flow to other venture capital fields.

Many people believe that interest rate cuts will directly trigger a bull market, which is correct to a certain extent. But the market needs time to digest these changes, and investors need to wait patiently for the market trend to gradually become clear.