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Analysts: As long as BTC remains above $81000, it will remain constructive in the short term

Internet reports that after Federal Reserve Chairman Powell dismissed his hope of cutting interest rates early, the cryptocurrency market fell briefly and rebounded. BTSE Chief Operating Officer Jeff Mei said that the Federal Reserve may not cut interest rates early in the short term, so it is expected that the Bitcoin price will remain between US$80,000 and US$90,000. range; Augustine Fan, head of analysis at SignalPlus, pointed out that cryptocurrency trading has been volatile most of the time, but as long as BTC can remain above $81,000, the technical side will still be more constructive in the short term. The market is focusing on the details of Trump's first trade agreement and the corporate earnings season that begins next week.

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