In the short term, BTC can try to go long below 105,000, or more precisely around 104,200. There is also a support level of 103,500 below. Through the observation of the past two days, we can set the tone for the current BTC market -- high-level fluctuations, roughly in the range of 100,000-110,000. As mentioned before, BTC does not have the conditions for a big rise at present. There is a strong structural pressure above 110,000, and it is difficult to break through without a big positive news. There is also strong support at 102,500-103,500 and around 100,000 below. After clarifying the situation, the current recommended response strategy is that for the large range of 100,000-110,000, it is to go long at low and high near the upper and lower edges of the range. In the short term, the current price is hovering below 105,000. You can try to go long near 104,200 or 103,600. It is not easy to set a stop loss, so you can wait and see in the short term, waiting for a better buying point, such as 102,500 or lower. The current market is not suitable for long-term holding to see big profits. If there is a profit, you must leave the market in time. Similarly, if the market reaches a new high or near 110,000, you can also try shorting. One thing to note is that there is an opportunity to break the shock in the early morning tonight, that is, the Federal Reserve announces the interest rate results. A 25 basis point interest rate cut is almost a done deal. Is it good for BTC? Yes, but the market has already priced it in. If you expect it to drive the market up, the momentum will be very limited, and it may even fall back immediately after a small surge. What is more noteworthy is Powell's speech. I expect it to be hawkish with a high probability, and it may even imply that the Federal Reserve's interest rate cuts will come to an end in the future. Then we must pay attention to whether it will break the rhythm of the shock trend. Therefore, first of all, it is recommended that short-term long orders during the day should be closed before the announcement of the interest rate results (3 a.m.), or at least before Powell's speech (3:30 a.m.). Secondly, if the market can reach the high point before Powell's speech today, you can put some short orders and bet on Powell's hawkish speech. As long as it is not too hawkish, it should not break the lower edge of the range of 100,000. If it reaches the lower edge of the range, consider closing the short orders. #比特币冲向11万？ $BTC