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1.30 Friday Latest Bitcoin and Altcoin Ideas
Powell's hawkish stance continues to ferment, market expectations for rate cuts face pressure, and easing expectations cool down across the board. Tonight's PPI data will be key; if it exceeds expectations and rises, it will confirm inflation stickiness and reinforce the delay in rate cuts, putting additional pressure on risk assets. Trump's calls for rate cuts face implementation hurdles, making it difficult to change hawkish capital pricing in the short term. Market sentiment disturbance is only temporary, and market sentiment is extremely fragile.
Bitcoin has sharply declined from the high near 88,000 and is now struggling to rebound, remaining under the pressure of the MA7 moving average. Bullish momentum is insufficient, compounded by trapped positions, profit-taking pressure, leveraged liquidations, and negative feedback, making market sentiment extremely fragile. Until hawkish expectations are disproved and sentiment stabilizes, the probability of downside remains high. The support level at 81,000 will determine the subsequent downward space.
Bitcoin between 83,000-83,800, → 81,000, 79,000;
Altcoin between 2,750-2,780, → 2,660, 2,580.
Personal opinion, for reference only, not investment advice!