Trump will give a speech at the 2024 Bitcoin Conference. The overall market heat is returning. For the time being, the heat is about to return.

Powell's hearings have been dovish for two consecutive days, which shows that this turn will be more sustainable than the previous words. At the same time, Powell this time has further explained one thing, that it is not necessary to achieve the expectation of 2% inflation. So looking back, this time, whether it is macro or Powell's attitude, interest rate cuts are about to happen.

Has Bitcoin reached the bottom? There have been various chain data analyses recently. What I want to say is that Bitcoin is at least in the stage of grinding the bottom now. It is still in the process of repeatedly verifying the bottom support, so it takes some time.

At the 4-hour level, it can be understood as the stage of continuous testing support at the bottom. Although there are currently 2 effective supports, it still needs repeated shocks and adjustments before the market can reach a consensus.

In the past two days, the sats rats of the Bitcoin ecosystem have performed well, probably because sats has the expected bonus of unisat in September, which has led to the rise of some memes such as rats. #CPI数据 #美联储何时降息? #美国大选如何影响加密产业?

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