Bitunix Analyst: Easing of interest rate cut expectations, BTC shifts to range-bound liquidity game

CryptoWorld News: On February 27, the market quickly cooled on bets that Federal Reserve Chair nominee Jerome Powell would cut interest rates immediately upon taking office. The IMF expects U.S. economic growth to rise to 2.4% this year, with unemployment around 4%, and inflation gradually easing. There may be only one 25 basis point rate cut in the next year. Interest rate futures show that the first rate cut has been pushed back from June to July. Minutes from the meeting also reveal some officials are open to raising rates again, with a slightly hawkish policy stance. Meanwhile, the 30-year mortgage rate in the U.S. has fallen to 5.98%, the first time below 6% since 2022. While this helps ease housing affordability, market expectations for significant easing have noticeably diminished amid resilient economic data. The macro focus has shifted from “when to cut rates” to “how long to maintain high rates.” In the crypto market, Bitcoin faces a clear accumulation zone of short positions between 69,000–70,500, while strong support for long positions lies between 66,000–66,500. The price is currently oscillating around the mid-range, reflecting typical liquidity tug-of-war in the short term.