Add a little more to Uncle Cat's perspective.

CN
Phyrex
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3 days ago

To add a bit more to Uncle Cat's perspective, from the price trend, currently, $BTC has not yet escaped the resistance zone of $98,000. We have discussed this clearly in our daily operations; although $93,000 to $98,000 is a solid support, this support has also turned into resistance, as investors are concerned about the potential for a recession in the U.S. economy.

In our tweets from a couple of days ago, we mentioned that since 1945, U.S. interest rates have exceeded 4.5% a total of seven times, and only twice did not result in an economic recession. In one instance, there was no recession, but there was still a significant economic downturn, and only once did the economy continue to grow while interest rates were high.

So, from a probability standpoint, there is a 14.5% chance that the economy will continue to grow, while there is an 85.5% chance of an economic downturn. Therefore, when the BTC price causes high-level holders to become passive long-term holders, it will indeed create pressure, especially with the risk-averse sentiment expected from the Federal Reserve's interest rate meeting tomorrow morning.

U.S. stocks have been performing well before the market opens, but we still haven't seen a return to the path prior to February 25. If U.S. stocks do not recover to the levels of February 25, the probability of BTC rising significantly on its own is not high, unless there are continuous positive factors unique to Bitcoin, such as this recent state reserve.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

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