12/10 market analysis

The market touched the key psychological and technical resistance level of 94,000-95,000 last night, and although the price fell back, it also stood above 92,000. This breakthrough effectively resolved the recent volatile deadlock in the range of 88,000-91,000, pushing the front line of the long and short competition to a higher area

Although BTC broke through 94,000 last night, it still faced a dense resistance zone above.

The newly established support zone is 91000-91500, and the stronger support band is in the 91000-91500 area, which is the upper part of the early oscillator platform and the last line of defense for the bulls. If the Fed's decision triggers sharp volatility, the region's commitment will be crucial.

The upper resistance zone is 95000-97000, and after a breakout, the next target will be 95000. This is not only the integer psychological level, but also close to the strong liquidity area that has been repeatedly mentioned recently. A further breakout could see the market test the 97000 or even 100000 mark.

Technical indicators and risks: The RSI on the 4-hour chart may enter overbought territory, and there is a need for a technical pullback in the short term. The Fed event in the early morning is the biggest uncertainty, and any signal of a "hawkish rate cut" could trigger a collective settlement of profit-taking, causing the price to quickly step back on support.

Tonight's Fed decision is the undisputed focus of the market. Nick Timiraus, known as the "Fed's mouthpiece," noted that Fed Chairman Powell will face a highly divided committee at this meeting. $BTC #反弹币种推荐