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April 30th Bitcoin Thoughts
Bitcoin's price dropped sharply overnight due to the Federal Reserve's hawkish interest rate decision, falling to around 75,000. The bearish target we discussed yesterday was confidently hit.
After the decline, the rebound was very weak, and the overall trend is very weak. Currently, the market is entirely dominated by bears, suppressing the price movement.
This Fed decision pushed the market’s rate cut expectations further into the future, leaving the bulls without momentum. The market has been led downward by bears throughout, with each slight rebound met with resistance and a retreat, making it impossible to rally.
Now, do not chase long positions recklessly; the risk is very high. The market is likely to continue weak and volatile downward, testing lower levels again.
Bitcoin:
Sell directly if it rebounds to around 76,200 or 76,700.
First target is 74,800; if it breaks below that, continue to watch around 73,500.
$BTC #BTC跌破67000關口