Everyone is waiting for a rate cut. When will it be cut and how much is appropriate? ? ?
Yesterday, the market plummeted. Powell's remarks sparked heated discussions. He bluntly said that it would be no good to cut interest rates too early. Bitcoin and Ethereum plunged! 1: Yesterday's market downturn mainly came from the speech of Fed Chairman Powell. He bluntly stated that it would be no good to cut interest rates too early and was optimistic about inflation. The situation caused the price of Bitcoin to fall to 61,800 points and Ethereum to fall by 3,400 points. 2: Starting from 9:30 p.m., the market reacted quickly. Bitcoin fell slightly by 1,200 points, and Ethereum fell by 60 points. Although Powell's remarks brought big negatives, the market did not seem to resist the sharp decline as in the past, which showed that there was indeed buying intervention in the market, which showed a positive signal in the market. 3: At present, the daily line of Bitcoin closed above 61,880, and the daily line level was still higher than the rebound. Pay attention to the position of 62750 for a small-scale rebound. Above this position, the market will continue to move up. Pay attention to the upper target/pressure level near 63365-63800!
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