After Federal Reserve Chairman Jerome Powell dismissed hopes of an early interest rate cut, the cryptocurrency market rebounded after a short-term decline, and BTSE Chief Operating Officer Jeff Mei said that the Fed may not cut interest rates early in the short term, so the price of Bitcoin is expected to remain in the range of $8-90,000; Augustine Fan, head of analytics at SignalPlus, pointed out that crypto trading has been volatile most of the time, but as long as BTC can remain above $81,000, the technical picture will still be more constructive in the short term, and the market is focused on the details of Trump’s first trade deal and the corporate earnings season, which starts next week.
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