Bitunix analyst: Powell sends hawkish signals, market liquidity is expected to decrease, BTC may test $80,000 again

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On April 5, Federal Reserve Chairman Powell stated that he would not immediately respond to Trump's new round of trade tariffs, nor would he rush to cut interest rates due to market volatility and recession expectations. Recently, the crypto market had already been affected by "global trade war concerns" and "US stock market pullback", and Powell's remarks further weakened market expectations for loose policies, which is not conducive to bulls pushing up prices in the short term.

Bitunix analyst's view: BTC's short-term pressure range is $84,500-$83,800, with short-term support at $80,000. If BTC price fails to stabilize at the $80,000 mark, it will enter a deeper adjustment zone. Traders are advised to control positions, strictly implement stop-loss strategies, and wait for the situation to become clearer.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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