Macro market analysis and recent trend outlook

With less than a week to go before the September rate cut decision, the possibility of market volatility has increased. Before the rate cut, the market funds are in a wait-and-see mood, and investors may remain cautious. At the same time, the price of gold has hit a new high, which is a positive signal for Bitcoin. Although the market generally believes that gold and Bitcoin belong to different categories of assets, the liquidity of the two is key. If the prices of gold and commodities perform well, it means that there is no problem with global monetary liquidity, which is also an important support for the rise of Bitcoin.

Current market trend

Bitcoin: Bitcoin is currently in a state of shock, and the price seems to have encountered certain resistance. Market demand is not strong at the current price level, and there may be a pullback in the short term to test the strength of supply. If Bitcoin can stabilize around $57,000 and does not fall sharply during the pullback, it will confirm that the market is in a low supply state, and the possibility of subsequent rise will increase. Overall, the long-term form of Bitcoin is still healthy, and the current adjustment is only a consolidation stage in the process of rising, but too long an adjustment may lead to the risk of increased supply and weakened demand. In the short term, attention needs to be paid to the confirmation after the price falls back.

Ethereum: Ethereum has a strong linkage with Bitcoin. Currently, ETH is weak and may test the support level of 0.04.

Altcoins: Altcoins usually follow the trend of mainstream coins. Currently, many altcoins are in the bottom area or have just started to recover. It is expected that the rising effect of altcoins will only appear after Bitcoin strengthens, so investors need to be patient.

Fear Index: The current fear index is 32, indicating that market sentiment is in the fear range.

I hope these analyses can help everyone make more informed decisions in the current market. #新币挖矿HMSTR #美降息25个基点预期升温 #灰度将推出首个美国XRP信托

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