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Powell continuously delivers bullish news at the ongoing Federal Reserve meeting.
And he explicitly stated that rate hikes are not the baseline expectation. So, rate cuts are bullish, and not raising interest rates is also beneficial for the bulls.
Currently, Bitcoin has broken above the 94,000 resistance level, with a high of 3446. Existing long positions can be taken profits to secure gains and prevent a pullback or spike.
Longs from 91,500 to 94,350 on Bitcoin have already been cashed out.
The idea of entering long positions at 3300 based on Ethereum's suggestion has also gained 150 points. $BTC #比特币行情观察