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#美联储启动新一轮降息周期 Bitcoin News Develops as Bulls and Bears Clash Intensely
BTC's latest quote hovers around $93,700 with volatile movements. At 4:40 AM Beijing time, the anticipated news arrived, and market expectations were perfectly aligned with the data. Interestingly, after the positive news was priced in, the market did not surge but instead consolidated slightly — this is the so-called "good news is often followed by a decline." Bulls have repeatedly hit a wall at the $94,200 level. The previous decisive profit-taking exit was a clear demonstration of the trading principle: "Prioritize stability and risk management."
From the daily candlestick chart, the trend's high point reached $93,300, with a low retest at $91,500, both tightly hugging the EMA30 resistance line. Key technical points to watch include: the 0.618 Fibonacci retracement level at $94,200 as a tough resistance; the MACD showing an ongoing upward momentum with DIF and DEA lines rising in sync and gradually approaching the zero line; the Bollinger Bands' upper band pointing to $94,650, with support at the lower band around $89,700. Overall, the current strategy should be to short at high levels, wait for a rebound, and seek stable support before considering longs.
Switching to the 4-hour chart, the market has formed a relatively regular flag pattern. After bouncing off the $91,500 support level, there was a strong rally, once reaching $93,500. The EMA lines are expanding upward alternately, indicating continued bullish momentum; however, the MACD volume is beginning to diminish, showing signs of divergence, which could suggest the short-term rally may be losing steam. The Bollinger Bands show the upper band at $93,800, with midline support at $91,400. Overall, the price remains within an upward channel, oscillating within this range. This type of market is suitable for short-term quick trades to capture wave gains.