Bitcoin Daily Report 😊😊

After the Federal Reserve decided to keep interest rates unchanged, Bitcoin failed to break through the $90,000 mark yesterday, while gold surged by $5,600.

Bitcoin bulls are still on the sidelines, as obvious issues have been exposed. Crypto assets are supposed to be designed to replace or counterbalance traditional assets, yet they continue to outperform. Over the past 12 months, gold has increased by more than 90%, indicating that gold is regaining a larger relative share from Bitcoin.

After holding the support range of $80,700 to $83,500, market focus has shifted to liquidity. To transition from the current state to a sustained upward trend, effective signals must be seen in liquidity-sensitive indicators. For example, data from the futures market suggests that there may be a short-term sweep or capture of liquidity above, with the target area around $93,500. However, despite the short-term bullish bias, until key market liquidity indicators reach specific thresholds, Bitcoin will find it difficult to develop a stronger and more sustained recovery. Therefore, we still need to wait for certain thresholds or macro catalysts.