Crypto market analysis 8.2

    The probability of unemployment rate reversal is greater, and the expectation of interest rate cut is improved

The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 78%, and the probability of cutting interest rates by 50 basis points is 22%. The probability of the Federal Reserve cutting interest rates by 50 basis points by November is 29.1%, the probability of cutting interest rates by 75 basis points is 57.1%, and the probability of cutting interest rates by 100 basis points is 13.8%.

    The market value of Bitcoin will reach half of the total market value of gold, reaching US$350,000 per coin.

In addition, VanEck CEO also said that if central banks adopt Bitcoin and become part of the financial system, its value will reach "millions".

      The market fluctuated violently on Thursday, the US stock market and cryptocurrencies collapsed, and the overall market was repaired in the late trading. Tonight's unemployment rate will likely reverse the market again.

Daily level market

· Daily level:   Daily level fell rapidly, Bitcoin bottom support was around 63000, maximum support was around 61500, upper pressure was around 65500 and 66300.

4-hour level market· 4-hour level: The market fell rapidly, the bottom rebounded, upper pressure was around 64000 and 65500, and the bottom support was around 63000.

Intraday level analysis Bitcoin's recent sharp drop is normal, mainly due to the uncertainty of American politics. The game between Trump and Harris, coupled with Harris's lack of qualifications and non-support for cryptocurrencies, makes it unlikely to win. However, this is still a big blow to cryptocurrencies and the stock market, so there may be more contract explosions in the near future.

Powell's wavering and Tai Chi on the market are also the reasons why the market is close to collapse, but the market has come to around 63500. Basically, the major support of this round has come out, and the next step is to wait for the market to slowly react and digest emotions.

· Intraday correction: The main trend is still decline. The current large-scale position is supported, and a rebound is expected in the short term. The lower support is around 63,500, the upper pressure is around 64,700, and the maximum pressure is 66,300.

The spot market needs to safely pass through this difficult moment in the history of encryption and remain calm. #美联储何时降息？ #美国政府转移BTC