How long can the expected rise after the rate cut last?

After the rate cut, the price of Bitcoin also rose to 6.47w. From the news level, this is a typical short-term rise. The 50bp rate cut still boosted the market's confidence. However, Powell's speech at the press conference clearly stated that this is only a rate cut, not a rate cut plan after the rate hike. And whether there will be a rate cut in the future depends mainly on employment, so the non-agricultural data in September is particularly important. News: Short-term positive upward.

Technical: The daily MACD of Bitcoin has begun to break the zero axis and increase the volume of long positions, and the dif kinetic energy indicator of the weekly MACD has also begun to turn around, indicating that the trend of oscillating decline is about to end, and the rise of the big cycle is about to begin, and the golden cross near the zero axis of the weekly level has a travel phenomenon. All are undoubtedly a major support for the positive.

View: Short-term positive Bitcoin will continue to fluctuate upward if it breaks 6.45w. Short-term: Step back to determine the backfill cycle of the 6.2w support. (It is highly likely that the market will go sideways instead of falling).$BTC