Odaily Planet Daily News 10x Research released a research report. 10x said 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 the Federal Reserve's interest rate hikes, especially after MicroStrategy was included in the Nasdaq 100 Index, market sentiment has become cautious.
Yesterday, the price of Bitcoin broke through the key 95,000 USDT support level and fell below 92,000 USDT, triggering a large-scale liquidation of US$467 million. Technically, Bitcoin has formed a diamond top pattern, indicating that the price may drop to a range of around 73,000 USDT, which is in line with the previous summer's volatility range.
In the short term, the market may face further adjustments, especially when short-term holders have already suffered losses. However, according to historical trends, the price of Bitcoin usually rebounds when it goes down to about 73,000 USDT. While the long-term outlook remains positive, investors should focus on Fed policy changes in 2025, especially a possible shift in March.