Crypto market analysis 8.10 The dollar rally has ended, and the prelude to the bull market will begin. The market recession theory has triggered a global market collapse. Bitcoin and some strong copycats have repaired the decline trend, and the market has started a new wave of reversal. Market volatility and the degree of stock market sell-offs have eased, and the bottom big players have also increased their chips. This round of market has confirmed the bottom, but the future bull market or the prelude to the bull market will be a roller coaster. The hawkish Summers, the whistleblower of the Federal Reserve, said that interest rates can be cut now, and the probability of a 50 basis point cut is very high. As the spokesperson of the Federal Reserve, Summers' attitude change cannot be ignored. This round of big drops may have completed most institutions' entry and ended the accumulation of chips, so even if the market is a roller coaster or a decline, it should be a good time to enter. Finally, it tells the omen that the bull market is about to begin. The Federal Reserve is about to cut interest rates, and the dollar's rise has ended. The next time is the time to buy chips and invest crazily. Bank of America's customers are frantically selling dollars and starting to buy various other assets.

Daily level market

· Daily level:   Daily level news and macroeconomics rebounded after a rapid decline, and the rebound was relatively large. The first pressure position above is around 63,000, and the second pressure position is around 65,000. If it cannot break through, it depends on the small-level correction.

4-hour level market· 4-hour level: The market rebounded to form an upward trend, successfully breaking through the 60,000 mark, and the support resistance conversion. The upper pressure is around 62,800, and the bottom support is around 59,500.

Intraday level analysis Bitcoin’s recent sharp drop is a normal phenomenon, mainly due to the uncertainty of American politics. As well as the current economic instability, there may be a risk of a hard landing on the news at any time. The current sharp drop and surge are normal, just keep yourself alive.

  Intraday shocks tend to rise: intraday upward trend, continuous pressure above, the recent pressure is around 61,800 and 61,200. The bottom retracement can choose the support position to be bullish, and the support position is around 59,700 and 60,200. The spot market needs to ride out this difficult moment in crypto history and remain calm.#加密市场反弹 #美联储何时降息？