24/06/06BTC broke through the descending flag pattern, Canada took the lead in cutting interest rates by 25 basis points, and a full-scale surge is coming! ! !
We have been talking about the BTC falling flag for a long time, and we have been waiting for such an opportunity. Yesterday, a line broke through the falling flag. Although it is still below the pressure of 73777 and 72000, it also shows that the bulls are relatively strong. Our thinking has not changed. From 57000 Bitcoin and 2800 Ethereum to buy the bottom
24/05/04BTC callback has ended, false break is about to hit 80000, is this the wash effect? On May 6, we reminded that the bearish bat price will look at 71000-72000. We reminded that the 72000 callback will make a triangle oscillation on the right side of the big positive line on May 20. It is currently under the pressure of the previous high of 73777-72000. Those who have positions are waiting for the breakthrough of 73777 to increase their positions. Those who have no positions should also get on the bus when the breakthrough of 73777. The next target is 86000-100000. Just like we reminded when the breakthrough of 31800, we should do it even if we are wrong to break through 31800.
The Bank of Canada cut interest rates by 25 basis points, becoming the first G7 central bank to start an easing cycle. The European Central Bank is expected to cut interest rates at its June 6 meeting, and policymakers have generally signaled a rate cut in recent weeks.
What is clear at the moment is that the US dollar index has pulled back. With Canada, the European Union, Japan and other countries all cutting interest rates, it remains to be seen how long the Federal Reserve can hold on. The routine of the US dollar tidal harvester is well known to the world.
The global economy has fallen into recession, corporate investment has decreased, and the unemployment rate has risen. These problems are reminding the Federal Reserve that raising interest rates is not a panacea. If it continues like this, not only will the global economy pay the price, but the United States itself will also be unable to escape the fate of backlash.
Flatbread
Nasdaq and S&P 500 hit new highs, London gold hit a new high of 2449 and continued to fluctuate on the daily line, and the US dollar index and crude oil continued to fall. In this context of the external financial market, it is not a big problem for the big cake to continue to be optimistic. Interest rate cuts, elections, BTC spot ETFs are blooming all over the world (the United States, Hong Kong, the United Kingdom, Australia, Thailand...) ETH spot ETF is about to land.
The daily descending flag has broken through. If the closing line does not fall back this week, it will be considered valid. Arc bottom + head and shoulders bottom pattern + downward trend line breakthrough, the upward trend line has not been broken.
At the same time, it is also a box structure, and now it is the fourth time to approach the top of the box. We have said before that the whole stage is a shock wash, and it often takes 3-5 attempts to break through the high point. If the two supports of 70700 and 69600 are not broken, it will continue to grind the top. If it falls below, it will take a longer time to save the country.
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ether
Yesterday I reminded you that Ethereum will make up for the rise, and the altcoin will have an opportunity. It rebounded to 3887 and broke through the high point in the past week and then continued to fluctuate. There is nothing to analyze about Ethereum, just hold the currency and wait for it to rise. Tonight there will be unemployment rate and tomorrow night there will be non-agricultural data. In fact, there is no need to wait for the announcement. There is no doubt that it is good news.
ETH/BTC exchange rate fell to 0.052 and rebounded. Yesterday we also reminded that the 0.051-0.052 area should pay attention to the rebound opportunities.
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