Yesterday's Fed minutes hinted that rate cuts will gradually slow, and expectations for rate cuts have decreased.
Bitcoin fell steadily to the strong support level around 92,500 and failed to break below it, then rebounded from the bottom. Currently, the market is fluctuating around 95,000.
At this stage, with the daily level adjustment and the strong pullback in the price ratio, the overall trend has shown a clear weak market. Although there have been rebounds during this period, they do not affect the continued decline of the price ratio. Currently, from a technical structure perspective, both the rhythm of the trend and the auxiliary indicators have shown clear signs of downward movement. The price ratio has made a weak attempt to recover from the drop, indicating that there is still a demand for downward movement! In subsequent operations, just maintain a flat strategy to participate!
Morning operation suggestion
