It's getting better. The US stock market has stabilized. Bitcoin has taken off directly.
Yesterday, I was still worried about whether there would be a "Black Friday" market. As a result, after the US stock market opened, it performed well and rose slightly. BTC took this opportunity to directly take the intraday pressure level of 59,700. After the US stock market closed, it took the 60,000 mark in one go. It is currently trading sideways around 60,500.
As long as the US stock market does not fall, Bitcoin will naturally not be so outrageous as to fall alone. Since the Bitcoin ETF was launched on the US stock market, Bitcoin's trend has been completely led by the US stock market. Every move of the Federal Reserve affects the US stock market and thus affects the global currency market of BTC. The Americans have also added another tool to harvest the world.
Back to today's market analysis, from the K-line, the 1-hour level market has reached the stage of high sideways trading, with a downward trend. The 4-hour, 12-hour, and daily levels are all in an upward trend. The intraday pressure level is 62110, and the support level is 58400. Before the interest rate cut is implemented, it is still necessary to maintain long orders as much as possible.
