Good evening, family.
The Fed's interest rate meeting seems to start at 2 a.m. tomorrow.
Although everyone thinks that there will be no interest rate hike this time, it is still best not to open a contract.
If Bao is not right and suddenly wants to raise interest rates, then the short-term upward and downward pressure will make everyone GG
Although many people think that it is not important to raise interest rates or not.
What is important is to see how long high interest rates will last and when they will start to fall.
This may be the key to determine when the real bull market will begin.
Indicator analysis on September 20, 2023
Proportion of holdings longer than 1 year: 68.69% (less than 55% is considered high risk)
Ahr999X Index: 6.16 (below 0.4 is the bull market top area)
Ahr999 Index: 0.48 (below 1.2 is the fixed investment area, below 0.45 is the bottom hunting area)
Market capitalization of Bitcoin: 48.67%
Fear and Greed Index: 47 (Close to 100 means high risk, below 10 means buying at a bargain price)
Bitcoin Rainbow Index: Light blue area - BUY (orange is high risk, dark blue is the bottom-hunting area)
Ethereum Rainbow Index: Light blue area - BUY (pink is high risk, dark blue is the bottom area)
PI distance crossover: very far (very far, parallel, fast crossover, crossover (where the crossover is the bull market top))
RHODL ratio: 549 (above 50k is the top area, below 300 is the bottom area)
Jiang Zhuoer 60-day increase: -8.13% (greater than 80% means short-term bubble high risk)
RSI indicator: 49.04 (less than 45 enters the bottom-picking range, greater than 85 is the top area)
BTC retracement from the highest point: -61%
Fixed investment and fixed selling index: Fixed investment range (bottom-picking range/fixed investment range/holding range/fixed selling range/top range)
4-hour Bitcoin candlestick trend: Upward trend (upward trend/downward trend)
1-day Bitcoin K-line trend: Upward trend (upward trend/downward trend)
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