#BTC☀ Just now, the official account released a thought-provoking image on platform X, depicting a rabbit holding a Bitcoin hieroglyph. After searching for news, it seems BTC might have significant movements tonight, possibly breaking the $100,000 mark!
News:
Recently, the U.S. economy has shown solid performance, with the annual GDP growth rate for the third quarter reaching 2.8%. Consumer spending and non-residential fixed investment are the main driving factors. Although residential investment has decreased, strong exports and government spending have supported economic growth. The Federal Reserve's monetary policy still has a significant impact on the market, with an inverted yield curve persisting, but the economy remains resilient, and the likelihood of a recession in the short term is low.
Global stock markets have been significantly influenced by U.S. policies and factors in the Chinese market recently. The Federal Reserve may consider interest rate cuts in future policy meetings, which could provide potential benefits for global stock markets. Meanwhile, investors are closely monitoring the geopolitical situation and the further impact of the U.S. presidential election results on market sentiment.
Bitcoin's price movement prediction for the next two days:
1. Macroeconomic environment and market factors: The Federal Reserve's potential interest rate cuts could support risk assets, including Bitcoin. Additionally, Bitcoin's historical cycles indicate that following halving events, there is typically a strong price increase trend. Currently, Bitcoin is in an upward range and may continue to push towards the $100,000 target.
2. Short-term volatility: In the current high-volatility environment, influenced by macroeconomic data, U.S. policy adjustments, and market sentiment, Bitcoin's price may maintain high volatility characteristics over the next two days. Support is expected at $89,000, while resistance may be close to $100,000.
Attached: Officially released image