Currency market: Bitcoin falls below 64K, super central bank week attracts attention
Bitcoin lost the key position of 64,000, and the focus of super central bank week focused on the night of the Federal Reserve's interest rate meeting. The violent market fluctuations caused $1.46 billion in funds to be liquidated. Powell made dovish remarks again, and market concerns intensified. We had already taken a cautious bearish stance at the high of 70,000 before, and accurately arranged short orders near 66,800 last night, successfully capturing 100 points of profit in the Ethereum range of 3330-3230, but unfortunately failed to fully capture a larger decline. However, colleagues in the circle have made some gains and celebrated a small victory.
Regarding whether Bitcoin will fall to 60,000, under the current situation, the mid-line decline has not shown signs of stabilization, and bottom-fishing still needs to wait patiently. The 60,000 mark is a position where long and short positions are fiercely contested, and it is not easy to lose it. The future trend needs further observation. It is recommended that potential bottom-fishers keep a close eye and wait for clear signals to appear.
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