According to online reports, many well-known traders expressed their views on the recent trend of Bitcoin. Trader TheKingfisher pointed out that there are currently dense long positions in the US$95,700 -96,000 range, and a large number of short positions in the US$96,500 -97,000 range. These prices may become price magnetic positions and are expected to experience violent fluctuations. Analyst Michaël van de Poppe believes that as long as Bitcoin remains above US$91,500 -92,000, it is still expected to hit a new high. He also warned that the cryptocurrency market tends to undergo a correction before the Federal Reserve meeting and is expected to rise again after bottoming out on Tuesday.