【BTC short-term outlook rebounds to 74000, focus on reducing positions for T trading】
The Federal Reserve meeting concluded with an overall hawkish tone: maintaining interest rates, only one rate cut expected this year, while raising inflation expectations and signaling that rate hikes are not ruled out. Overall, this creates some pressure on market liquidity.
On the market, Bitcoin has already reacted in advance, accelerating downward after breaking below 73000, currently oscillating around 70700. In the short term, there is some demand for a rebound here.
If a rebound occurs, pay close attention to the area around 74000, which is the confirmation position after the trendline break and a key range for reducing positions for T trading.
From a structural perspective, daily top divergence has formed, and the probability of a rebound peaking is increasing, so it is not recommended to blindly chase prices during the rebound.
In terms of operations, maintain patience, trade T when the rebound reaches the target, and if there is a subsequent pullback, then look for opportunities at lower positions. The current stage focuses on controlling positions and defense.