$BTC The current mainstream rate cut is 50 basis points. This time the Fed feels different from before.
Currently it is recommended to be bullish.
After the rate cut

Let me reveal it in advance, look at the picture carefully
Last night's big rise was first driven by the US stock market, and secondly, some large institutions received the news in advance and made arrangements before the good news came out. Grayscale outflows were the first inflows in 50 days. What does this mean? Think about it yourself...

The number of non-farm payrolls in the United States in August was 142,000, which was expected to be 160,000, and the previous value was revised from 114,000 to 89,000.

The unemployment rate in the United States in August was 4.2%, which was expected to be 4.20%, and the previous value was 4.30%.

The annual average hourly wage rate in the United States in August was 3.8%, which was expected to be 3.70%, and the previous value was 3.60%.

Non-farm data tonight ^_^
Morgan Stanley previously pointed out that the labor market is slowing down, but it has not fallen into a "recession", and the Federal Reserve is expected to cut interest rates by 25 basis points.

"We saw strong non-farm payrolls, which confirms our view that the economy is slowing down, but it is not heading for a recession, and we do not expect the unemployment rate to rise sharply."

Latest news
The number of initial unemployment claims in the United States for the week ending August 31 was 227,000, with an expected number of 230,000, and the previous value was revised from 231,000 to 232,000

The number of continuing unemployment claims in the United States for the week ending August 24 was 1.838 million, with an expected number of 1.865 million, and the previous value was revised from 1.868 million to 1.86 million.

The bottoming trend that Bitcoin has been looking forward to should have been completed yesterday. At 9 o'clock in the morning, a big negative line fell directly to 55600, which is very close to the previously mentioned support of 55100. There was a continuous surge here last night, and the daily line also showed an obvious cross star signal, indicating that the adjustment has ended. Therefore, we are looking for it and often go long from today. According to the deduction of the Turing Wave Trading System, the current adjustment trend of 5th wave 2 may have ended yesterday, and the probability of entering 5th wave 3 upward is increasing. Pressure 61700~64900, support 57100~55100.

Rate cut as expected! The Bank of Canada cut its policy rate by 25 basis points to 4.25%

The Bank of Canada's policy rate is 4.25%, expected to be 4.25%, and the previous value is 4.5%.

The US core PCE price index rose 0.2% month-on-month in July,

expected 0.2%, previous value 0.2%.

Binance BTC cold wallet is suspected of internal adjustment, with a total transfer of more than 75,000 BTC, internal adjustment, and data monitoring, the total holdings remain unchanged! There is no sell-off
Binance BTC cold wallet is suspected of internal adjustment, with a total transfer of more than 75,000 BTC, internal adjustment
TechFlow news, on August 27, according to OKLink browser, Binance BTC cold wallet is suspected of internal adjustment, a Binance cold wallet holding 75,177 BTC transferred 30,000 BTC to Binance hot wallet, and 45,177 to a new address.
In addition, data monitoring, the total holdings remain unchanged! There is no sell-off

Binance BTC cold wallet is suspected of internal adjustment, with a total transfer of more than 75,000 BTC, internal adjustment

TechFlow news, on August 27, according to OKLink browser, Binance BTC cold wallet is suspected of internal adjustment, a Binance cold wallet holding 75,177 BTC transferred 30,000 BTC to Binance hot wallet, and 45,177 BTC to 3PXBET2GrTwCamkeDzKCx8DeGDyrbuGKoc address.

In addition, data monitoring shows that the total holdings remain unchanged! There is no selling

[Our team summarized the key points of Powell's Jackson Hole speech on August 23] The following are the 8 points
[Summary of the key points of Powell's Jackson Hole speech on August 23]
1. Powell's remarks consolidated expectations that the Fed will decide to cut interest rates at the FOMC monetary policy meeting on September 17-18. "Now is the time for policy adjustment," Powell said.#Whenwill the Fed cut interest rates?
2. "The direction of progress is clear, and the timing and pace of rate cuts will depend on the incoming data, the changing outlook, and the balance of risks."#TON
3. Powell said that the cooling of the labor market is "undoubted," adding that "we neither seek nor welcome further cooling of labor market conditions."
4. Powell also said that he is increasingly confident that inflation is on a "sustainable path" back to the Fed's 2% target.
5. "Upward risks to inflation have diminished. "Downward risks to employment have increased," he said.
6. Powell expressed optimism about the Fed's ability to guide the economy back to 2% inflation while maintaining a "strong labor market." He said the current interest rate level gives policymakers "plenty of room to address any risks we may face," including further weakness in the job market.
7. The speech also analyzed the ups and downs of recent inflation events in the United States and the Fed's response to them, outlining the Fed's initial mistake in believing that rising prices were temporary and its strong response.
8. At the end of his speech, Powell endorsed the Fed's upcoming framework review. He stressed the need to focus on lessons learned and "flexibly apply them to our current challenges."