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Crypto

Bitcoin Price Rebounds Amid Interest Rate Hike Uncertainty

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BTC
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Zhang Lihui's analysis of the Bitcoin market is that it has made a short-term move to around $76,500 and rebounded slightly. The current K-line is testing the middle band on the hourly chart.

The MACD shows increased volume above the 0 axis, indicating potential for further price growth in the short term. However, if the price breaks below the cross point of the lower band and MA30, the outlook turns bearish.

This week's interest rate decision may cause market fluctuations at high levels, with accumulation before a possible plunge. The weekly chart shows a budding bearish trend, with both KDJ and RSI turned down from high levels.

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