Daily BTC Review

❌Liquidations in the market over the past 24 hours, CoinGlass: ~53K traders, totaling ~$151 million - 40% long positions and 60% shorts.

Despite weak buyer activity near the support zone, the growth was helped by information regarding the further movement of the Fed interest rate, which is planned to be cut earlier than scheduled, due to the fact that the Fed is afraid to miss the moment, so that it does not become too late❗️

📈Bitcoin has bounced off the support zone and is near the previously noted resistance level, around 43K. We can still move along it for some time, and a breakdown will indicate the priority of further growth, at least short-term, to 45K, in a better case to 48K.

Taking into account that the overbought indicators have fallen, the growth on the background of statements of J. Powell, the Fed Chairman, may be continued. But it is important to see either a full absorption of the fall on the daily timeframe, or at least a good close of the day above 43K.