Matrixport: Global policy winds shift, bitcoin 92,000 dollar blocked again

Matrixport released a daily analysis saying that the bitcoin price has encountered resistance at the key pressure level of 92,000 US dollars, and the upward movement can be significantly slowed down. Although the market generally expects the Federal Reserve to start cutting interest rates next week, there is only a small net inflow of related ETFs, and the overall capital side is weak. At the same time, the signal of monetary policy tightening in Japan has exacerbated market anxiety. The yield of 2-year Japanese government bonds has exceeded 1% for the first time since 2008, triggering investors to reassess the easing pace of major central banks around the world. Analysts believe that even if the Federal Reserve releases a dove signal, it will be difficult to offset the tightening expectations of other economies. The overall policy environment remains tight, prompting institutional investors to continue to reduce their bitcoin exposure.