Currently, BTC is hovering around the lower band of the 12-hour level. The 4-8 hour timeframe has already stopped falling, and the smaller timeframes below 1 hour are strengthening. Although there is a death cross on the daily chart, the short-term trend has temporarily halted at the 12-hour level adjustment, and the long positions trend has not reversed. Due to the Federal Open Market Committee (FOMC) Meeting tomorrow night, leverage and positions in the short term need to be consolidated.

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