The latest market trends show that the price of Bitcoin has successfully broken through and stabilized at the key level of $108,500. Observing the market trend from Monday's trading session to Tuesday morning, this wave of increase displays clear characteristics of effectiveness.
It is worth noting that although the weekly candlestick chart shows certain divergence signals, the actual impact on the market is currently minimal. Market funds seem to be preparing for the important speech by the Federal Reserve Chairman this Thursday, while also attempting to challenge the upper resistance level of the weekly chart once again.
From a technical perspective, when the price approaches the weekly high again, a breakout is likely to occur. For traders, the area around $108,500 provides a relatively safe opportunity to go long.
Overall, in the short term, the price trend of Bitcoin may be significantly influenced by expectations of macroeconomic policies, and investors should closely monitor the upcoming economic data and official speeches.
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The latest market trends show that the price of Bitcoin has successfully broken through and stabilized at the key level of $108,500. Observing the market trend from Monday's trading session to Tuesday morning, this wave of increase displays clear characteristics of effectiveness.
It is worth noting that although the weekly candlestick chart shows certain divergence signals, the actual impact on the market is currently minimal. Market funds seem to be preparing for the important speech by the Federal Reserve Chairman this Thursday, while also attempting to challenge the upper resistance level of the weekly chart once again.
From a technical perspective, when the price approaches the weekly high again, a breakout is likely to occur. For traders, the area around $108,500 provides a relatively safe opportunity to go long.
Overall, in the short term, the price trend of Bitcoin may be significantly influenced by expectations of macroeconomic policies, and investors should closely monitor the upcoming economic data and official speeches.