Analyst: The Fed may not cut interest rates ahead of schedule, and BTC is expected to remain in the range of $80,000 to $90,000
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Odaily Planet Daily News After Federal Reserve Chairman Powell dispelled hopes of early interest rate cuts, the cryptocurrency market briefly dipped before rebounding. Jeff Mei, COO of BTSE, stated that the Federal Reserve might not cut rates early in the short term, thus expecting Bitcoin's price to remain in the $80,000-$90,000 range. Augustine Fan, head of analysis at SignalPlus, pointed out that cryptocurrency trading is mostly volatile, but as long as BTC can maintain above $81,000, the technical outlook will remain constructive in the short term. The market is focusing on the details of Trump's first trade agreement and the upcoming corporate earnings season starting next week. (CoinDesk)
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