Phyrex
Phyrex|May 07, 2025 07:28
Adding a little bit to Uncle Cat's point of view, from the price trend, BTC has not yet escaped the resistance zone of $98000. In our daily work, we have also discussed it very clearly. Although $93000 to $98000 is a strong support, this support has also become a resistance because some investors are worried about the US economic recession. In our tweet a few days ago, we also mentioned that since 1945, there have been seven times when US interest rates have exceeded 4.5%. Among them, only two times did not experience an economic recession, one time although there was no recession, there was still a significant economic downturn, and only one time when the economy was still rising during high interest rates. So from a probability perspective, there is a 14.5% probability that the economy will continue to rise, and an 85.5% probability that the economy will decline. Therefore, when the BTC price is released by passive long-term holders who are trapped at high levels, there will indeed be pressure, especially when there is a need for safe haven sentiment in the Federal Reserve interest rate meeting tomorrow morning. Before the market, the US stock market rose well, but we still haven't seen a return to the path before February 25th. If the US stock market doesn't rise back to February 25th, the probability of BTC independently rising sharply is not high, unless there has been a unique positive news for Bitcoin, such as the state reserve this time. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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