Odaily Planet Daily News: 10x Research released a research report stating that it had warned on December 20 last year that Bitcoin may be under pressure due to macroeconomic factors such as global liquidity tightening and Federal Reserve interest rate hikes, especially after MicroStrategy was included in the Nasdaq 100 index, market sentiment tended to be cautious. Yesterday, the price of Bitcoin broke through the key support level of 95000 USDT and fell below 92000 USDT, triggering a large-scale liquidation, reaching 467 million US dollars. Technically speaking, Bitcoin has formed a diamond top shape, indicating that the price may drop to the range of around 73000 USDT, which is in line with the volatility range of the previous summer. In the short term, the market may face further adjustments, especially when short-term holders have already incurred losses. However, based on historical trends, Bitcoin prices typically experience a rebound when they decline to around 73000 USDT. Although the long-term outlook remains optimistic, investors should pay attention to the policy changes of the Federal Reserve in 2025, especially the possible shift in March.
