September 12/Bitcoin 58500 is the key pressure point. Can the cottage industry continue to rebound?
Daily original updates, spend your precious three seconds to follow Cognition Society #uni #sats <t-276/>#TON #xrp #aave 🔹Reviews of Cognitive Society On September 12, the highest point of Bitcoin rebound was 58,600, which coincided with the pressure point of 58,500 in the cognitive article. After all, the CPI data is a small positive. Although it may cause the Fed to reduce the interest rate from 50 basis points to 25 basis points in September, it also shows that the US economy does not have too many problems. As long as the US economy does not decline, continued interest rate cuts will lead to huge liquidity, that is, more money in the market. It is expected that Bitcoin rebounds to 58,500. Whether it continues to rebound or falls back to around 55,500 is the key to the future market. Now is mid-September. If Bitcoin can continue to rebound and close with a big positive line in September, it will be of great significance to the market. Of course, the liquidity of the market in the first month of the interest rate cut is still very insufficient. It is more of a desire, not a sufficient logical judgment.
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