Federal Reserve April Decision: Keep Interest Rates Unchanged! Powell's "Last Dance," Expectations for Rate Cuts Further Diminish, How Will Bitcoin Move?



Bitcoin is fluctuating between 77,000 and 78,500, with intense battles between bulls and bears, making it difficult to break above 80,000 in the short term. Support levels are at 75,000.
Support: 75,000-77,000, if broken, look towards 72,000.
Resistance: 78,500-80,000, a breakout could open upward space.

Powell's concluding remarks leaned hawkish, with expectations for rate cuts weakening further within the year. The prolonged high-interest-rate environment continues to suppress the market. In the short term, Bitcoin is mainly consolidating and digesting negative news, with sufficient mid-term resilience. Coupled with long-term narratives such as White House strategic reserves, the overall trend remains intact. Be patient, consolidate, and view the pullback range reasonably.
BTC-0.77%
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