Recently, short positions in Bitcoin have gained the upper hand, and the price has declined again, breaking through the key support level of 106000. In light of this trend, the market is generally following: will this round of falling market continue?
Analyzing the current market trend, Bitcoin short positions holders have steadfastly held their ground for more than a week, and today they finally welcomed the ideal price pullback. This wave of adjustment is closely related to macro factors such as the Federal Reserve FOMC meeting, demonstrating the cryptocurrency market's high sensitivity to macroeconomic policies.
From a technical perspective, a breakthrough at the 106,000 level may indicate the formation of a new downward channel in the short term. Investors need to closely follow the upcoming price movements, especially the potential impact of the Federal Reserve's policy stance on crypto assets.
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Recently, short positions in Bitcoin have gained the upper hand, and the price has declined again, breaking through the key support level of 106000. In light of this trend, the market is generally following: will this round of falling market continue?
Analyzing the current market trend, Bitcoin short positions holders have steadfastly held their ground for more than a week, and today they finally welcomed the ideal price pullback. This wave of adjustment is closely related to macro factors such as the Federal Reserve FOMC meeting, demonstrating the cryptocurrency market's high sensitivity to macroeconomic policies.
From a technical perspective, a breakthrough at the 106,000 level may indicate the formation of a new downward channel in the short term. Investors need to closely follow the upcoming price movements, especially the potential impact of the Federal Reserve's policy stance on crypto assets.