Market Outlook

Still in the pre-FOMC rally window, minor pullbacks possible

Today's market hasn't changed much compared to yesterday

Bitcoin has yet to start a pullback, rising from 83,800 all the way to the 93,000 range and consolidating

A pullback may occur in the next 1-2 days

If a pullback does occur, the expected level is around the Monday high of 90,600, which is the most likely level to be tested

If this level is broken, the next support is around 87,000, but I think the probability of a retracement to this level is relatively low

After the pullback ends, the target range before the 9th is likely to be 96,500-98,500

The highest level to watch for now is around 100,000 (major resistance)

So the most likely scenario is a pullback to 90,600, then a rise to 96,500-98,500

There's a small chance of rising directly without a pullback, and an even smaller chance of a pullback to 87,000 followed by a rise to 96,500-98,500

If we reach this range before the 9th, the next step will depend on the FOMC's content

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