This is the eighth time in the past six months that it has reached and exceeded $64,000. Since the fourth time, we have been saying that this is a support position, but this support is not the price support seen by many technical friends, but the support area of ​​dense chips seen through on-chain data. This time it is not just the support of $64,000 to $69,000, and we often say that investors at this position are basically no longer considering leaving.

And from the current URPD data, the entire range between $56,500 and $69,000 is a concentrated area of ​​dense chips. Of course, the range between $56,500 and $61,500 still belongs to short-term holders. The#BTCin this range is likely to decrease with price changes. Only after a longer period of fluctuations can it be determined whether it is a support level.

Back to the data itself, as the price of BTC rises, short-term investors have shown signs of leaving in large numbers, especially short-term profit-making investors have accelerated their departure in large numbers. I have also heard many voices saying that $65,000 may be a hurdle.

I don't know whether it is or not, but judging from the current trend, the market has accepted the Fed's 50 basis point rate cut and accepted Powell's current stable economic situation. Through the price, we know that investors' sentiment is stable and optimistic about the economy. 6️⃣隇: xntm566 may be worried about whether the Bank of Japan will adjust the interest rate on Friday.

Theoretically, the possibility of the Bank of Japan adjusting the interest rate in September is not great, but if it really adjusts, it may not be a good thing for the short-term market, but even if it is adjusted by 25, to 0.5%, it is still a low interest rate and will not have a significant impact. So even if it is really adjusted, the market may have short-term fluctuations, but it is likely to be understood by investors in the end. #BananaGun钱包被盗 #特朗普首次使用BTC #moonbix #新币挖矿HMSTR #加密市场反弹