[Saturday Night Mainstream Market Analysis]

Bitcoin has become a dazzling pearl in recent days, and the strong performance of bulls has become a conspicuous package. After the US market bottomed out and rebounded in the early morning yesterday, it was corrected sideways this morning, and then the hourly line turned negative and continued to pull back. We also gave the view of looking at the pullback first around the 64,000 suppression band in the morning. The lowest price on the disk tested around 638, and the European market began to pull up and continued the bull advantage to maintain the upper high consolidation. So how should we view the next trend after the news pulls up over the weekend?

Personally, I think there will be a pullback on Sunday night. At the beginning of this month, the price tested the bottom 50,000 strong support. Since the first-line pull-up, there has been a pullback pattern until today. The subsequent pullback space is getting smaller and smaller, and the correction time is getting shorter and shorter. Yesterday, it closed in the form of a large positive column, and today continued to consolidate at a high level. Then the probability of continuing to rise in the future will not increase due to the current sentiment, so the trend of bulls still has room to continue, provided that it is after the pullback.

In summary, the US interest rate cut is a commonplace. As September approaches, the early stage of the interest rate cut will stimulate the mainstream to rise. Although there is still some time before the US election, the economic policies of the two candidates will not be very good to alleviate the current situation of government debt and market weakness. Coupled with the tension in regional relations, the big cake will continue to push to a higher position. Continue to follow the trend at the weekend. After the correction, the US market will continue to be bullish! #杰克逊霍尔年会 #新币挖矿DOGS #MtGox钱包动态 #美联储何时降息？ #新币挖矿TON $BTC $ETH