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Last night, after the Fed announced its latest decision, the Crypto Assets market experienced a brief Fluctuation. The price of Bitcoin dipped to around $109,000 but quickly rebounded and is now back above the $110,000 mark.
Compared to the intense fluctuations commonly seen after previous interest rate decisions, the market reaction this time has been relatively stable. The rapid rebound after the price decline indicates that the support at lower levels is still effective, and the downward momentum is not persistent.
Overall, Bitcoin has shown significant resistance to declines at key price levels, and the rebound structure has not been broken. This performance suggests that there is still upward potential in the market. For day traders, it may be worth considering looking for buying opportunities during pullbacks, with particular attention to stabilization signals in the support area below, in order to seize potential upward opportunities.
Market analysts suggest considering establishing long positions in the range of $109,500 to $109,000. The short-term target price can focus on $112,000. If this level is broken, the next target price may look towards $116,100.
Apart from Bitcoin, other mainstream crypto assets such as Ethereum and Solana have also fluctuated with the market. Notably, Binance Coin has performed strongly recently, even reaching new highs, indicating an independent market trend for some tokens.
Investors should closely monitor market trends, manage risks reasonably, and stay alert to potential rebound risks while seizing opportunities. The Crypto Assets market is ever-changing, and it is crucial to remain calm and rational.