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Matrixport: Bitcoin faces cautious market sentiment and uncertainty from the Federal Reserve

Matrixport: Bitcoin faces cautious market sentiment and uncertainty from the Federal Reserve

Bitget2025/04/08 03:47

Matrixport released a chart today stating that despite Bitcoin's strong resilience, the possibility of retesting its 38.2% retracement level is increasing. The previously multiple obstructed 23.6% retracement level (approximately $87,000) has become an important resistance level, especially in the context of rising "risk aversion" sentiment and widespread market liquidation triggered by Trump's latest tariff policy. In addition, concerns about inflation among U.S consumers are intensifying, coupled with hints from Federal Reserve Chairman Powell to maintain the current interest rate stance, which means that Bitcoin may struggle to gain strong support from loose monetary policies in the short term.

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