Data: 10x Research: Bitcoin is short-term bearish, with price trends influenced by policy and capital flows

According to ChainCatcher, 10x Research stated that bitcoin (BTC is currently below the 7-day moving average: bearish, and below the 30-day moving average: bearish, with a 1.8% increase over the past week) declined after statements from Federal Reserve officials. The market has become more cautious about future interest rate cuts, and demand for risk assets has been suppressed.

Strategy announced quarterly profits, benefiting from its bitcoin holdings, which further strengthens institutional demand. The momentum for US crypto legislation and ETF applications continues to grow, providing ongoing support for bitcoin's long-term bullish sentiment. Amid the tug-of-war between macro factors and institutional capital, BTC is fluctuating near the low of 110,000 dollars, with price movements clearly influenced by policy and capital flows.