Federal Reserve expands balance sheet + technical analysis: Bitcoin may continue to fluctuate before breaking through $98,600

【BitPush】Regarding the impact of Japan’s interest rate hike, the market has actually already digested most of it; what’s next depends on the specific pace.

To be bullish on Bitcoin, two conditions must be met simultaneously: first, the Federal Reserve must continue to expand its balance sheet; second, Bitcoin itself should be in a sideways consolidation pattern. From a technical chart perspective, the key resistance zone is between $98,600 and $107,000, with a strong resistance at $112,500.

However, the fluctuations in this range could be quite complex and won’t rise in a straight line. Market uncertainty remains quite high, and details are very important.

BTC-1.04%
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FOMOSapienvip
· 12-22 02:55
The Fed not continuing point shaving means we shouldn't expect good days Wait, can 98,600 really break? It feels a bit precarious this time The expansion of the Fed's balance sheet + technical consolidation is essential, both are indispensable, bro Sideways consolidation is so annoying, why is it so hard to just pump straight up 125,000 is the real big resistance, we'll have to see the Fed's mood then The market uncertainty is so high, the details really determine life and death If it can't break 107,000, we'll have to keep grinding, it's really testing our mentality Has Japan's rate hike been digested? This market trend is indeed interesting Unless the Fed keeps printing money, otherwise this market is precarious The whole range from 98,600 to 107,000 is stuck, it feels like it will be sideways for a long time
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Gm_Gn_Merchantvip
· 12-21 05:11
Don't expect to soar high if the Fed doesn't expand its balance sheet, to put it bluntly.
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BakedCatFanboyvip
· 12-21 03:23
I'm not paying attention to the Fed's decision not to expand the balance sheet this time; anyway, it's just a matter of waiting.
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NftMetaversePaintervip
· 12-19 04:48
actually the algorithmic beauty of btc's consolidation pattern here is what fascinates me... the hash function of market mechanics, if you will. fed's balance sheet expansion is just the blockchain primitive enabling the whole generative process. we're witnessing computational aesthetics unfold in real time, tbh
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blockBoyvip
· 12-19 04:43
The Federal Reserve has to keep printing money, or there's really no hope.
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OnchainArchaeologistvip
· 12-19 04:41
Nonsense. Is the Fed just expanding its balance sheet and calling it a day? It also needs to consolidate sideways. Calculate yourself how likely it is for both conditions to be met simultaneously. Honestly, it still depends on the Fed's mood; technical analysis is all fake. If it doesn't break below 112,500, I'll admit defeat.
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PaperHandSistervip
· 12-19 04:39
If the Federal Reserve doesn't expand its balance sheet, I will give up and just relax.
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Frontrunnervip
· 12-19 04:39
The Fed's balance sheet expansion, to be honest, I can't hold it anymore. --- Again in the range of 9.86 to 10.7, it feels like we've been oscillating here long enough. --- Horizontal consolidation? Uh... it seems like Bitcoin is still thinking. --- If 112,500 doesn't break through, there's actually nothing to get too excited about. --- I agree that details are important, but when will these details actually be implemented? --- Balance sheet expansion + consolidation = continue to watch, I choose to wait a bit longer. --- It's easy to say, but in practice, it's still a mess.
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