The Federal Reserve's interest rate decision this early morning remained unchanged as expected, and the signals conveyed indicate that there will be no rate cuts before May. Bitcoin surged and then retraced, slightly breaking below the 5-day moving average around 88,400.



On the daily chart, it continues to operate within the intraday center of 84,500-94,500; on the 4-hour chart, a new center has been established around 87,300-90,600, currently in a downward move starting from 90,600; on the 30-minute chart, the trend is within the center of 87,300-89,000.
Today, watch for resistance in the 89,000-89,500 area and support in the 87,300-87,000 area. Regarding trading ideas:

1: Near the 89,000-89,500 area, consider short positions on rallies, with a stop loss at 90,000 and take profit at 87,500-87,000.
2: Near the 87,400-87,000 area, consider light long positions, with a stop loss at 86,600 and take profit at 88,400-88,800.

Follow @QiaoBangzhu for the most professional market analysis.

(The above suggestions are time-sensitive and for reference only)
BTC-2,43%
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