10x Research: If the price of Bitcoin remains below the range of 90,000-92,000 US dollars, the overall market may still be in a consolidation phase

10x Research has stated that despite the dovish stance of the Federal Reserve, the Bitcoin market may still face upward resistance in the short term. The research institution pointed out that as long as Bitcoin prices remain below the resistance range of $90,000-$92,000, the overall market may continue to be in a consolidation phase. The Fed lowered growth expectations and slightly slowed down its balance sheet reduction (QT) pace; Fed Chairman Powell emphasized that recent inflation increases might be temporary. Although this provides short-term support for risk assets, 10x Research believes investors may remain cautious ahead of Trump's tariff announcement on April 2nd and US corporate earnings season starting on April 11th. The report also noted that weakened consumer confidence and a deteriorating real estate market could lead to poor performance during earnings season; market structure indicators are still sluggish, indicating it is difficult for this rebound to gain significant momentum or push Bitcoin back into a broader bull market sentiment.