#美SEC促进加密资产创新监管框架 Bitcoin surged strongly in the early morning—what's the next move?

On the eve of the Fed's decision, the market is restless. From after the US stock market closed last night to the early hours, Bitcoin saw a strong spike, breaking through the short-term resistance line again. Bulls pushed it up to around 94,500, leaving bears pinned down, with a surge of more than 4,000 points in a short time—a significant blow.

However, looking back now, after the spike there was no further extension, and this morning it pulled back to around 91,900, finding some support. From the 4-hour chart, since Bitcoin bottomed at 80,600, it has been moving upward along a bullish rhythm, with both highs and lows rising together. In the short term, the bulls look strong, but this situation can't really be called a reversal—at most, it's a recovery after a steep decline, and the overall trend still leans weak.

Looking at the daily chart, the downward channel has started to flatten a bit recently, but the 96,800 resistance level above is still there. If it can't break through and hold above this level, it's still under the bears' control. Judging from the overall situation, there's no obvious reversal signal yet, and the structure is still in favor of the bears.

The Fed's interest rate decision will be released at 3 a.m. tomorrow, and no one knows exactly what will happen, but high volatility is certain. If you don't have a clear direction ahead of time, it's going to be tough to catch big profits in this move.

Bitcoin short positions can be considered at two levels: first at 94,000, second at 96,500, with stop-loss set above 98,000. The downside targets are 88,000, 85,000, 83,000, and 80,000, to be approached with light positions in batches.

$BTC