Immediately after the Federal Reserve (Fed) June FOMC minutes release, Bitcoin (BTC) price plummeted. Jerome Powell, the Fed Chair, broke market expectations by announcing at a press conference that interest rate cuts would be put on hold for the time being. However, the next day, the US stock market and cryptocurrency market rebounded, with Bitcoin recovering a significant portion of its decline. The market is once again focusing on the medium to long-term impact of Trump's economic policies.
Nevertheless, Bitcoin price continues to maintain a range-bound movement for the 18th day between $115,000 (approximately 159.85 million won) and $121,000 (approximately 167.99 million won). Despite increasing selling pressure in recent trading days, the short-term support line remains intact. Market analysts diagnose that the possibility of short-term price expansion is increasing.
Market information company Hyblock Capital interpreted these price movements as "liquidity hunting before and after the FOMC announcement". They particularly noted the long tails in both directions on the 15-minute candlestick chart, explaining it as a "typical flow showing lack of directionality". They analyzed that the buy/sell ratio indicator turning red at 10% depth of the order book increases the likelihood of testing a large liquidation point around $115,883 (approximately 162.41 million won).
Meanwhile, traders are concerned about how much the Trump administration's crypto-friendly stance and regulatory relaxation can actually drive price increases. As the time gap between policy signals and price reactions widens, market-wide anxiety is growing. Cautious opinions are spreading that short-term volatility will be determined more by technical indicators and market liquidity rather than political benefit expectations.
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