Bitcoin's short-term support is $68,500-69,500, and its short-term pressure is $71,000-72,000. The three major U.S. stock indexes rebounded across the board. Federal Reserve officials said that this year's interest rate cuts may be postponed or reduced, but Biden promised to cut interest rates this year. The political and economic game is political economics. I personally think that the process has twists and turns but the direction will not change. Yesterday, Bitcoin spot ETFs net inflows of $5.2 million, and Grayscale is still the largest seller. There are still 7 days before Bitcoin halving, and Lin Feng still insists that April 20 may become a turning point. From the trend point of view, Bitcoin is still in a strong consolidation, forming two boxes, one large and one small. The small box is at $68,000-72,000, and the large box is at $61,000-72,000. Lin Feng's view remains unchanged.
