Everyone can refer to my views🔎
Yesterday's expectation of an interest rate cut led to a not-so-ideal result, only a space of a thousand points was pulled up, starting a straight drop from the 1047 position. The support at 1027-1034 completely couldn't withstand what old Powell said: “We are not allowed to own Bitcoin and do not wish to change the law.”
Before and after the rate cut, I have been emphasizing that shorting at this stage is more cost-effective than going long. If you don't listen to me, there's nothing I can do. After the rate cut ends, the next ten days will be a carnival for our air force. Remember not to try to catch the bottom, wait for my signal.
In the next ten days, there will be no positive news to support the market, so subjectively we can maintain rebounds and short positions. Long-term traders can always hold out for my bottom-fishing signal.
Looking at the current market situation
At the four-hour level, this morning the lowest point for Bitcoin reached 988, and after rebounding, it is currently at 1017, recovering almost 3000 points. Aggressive traders can enter the market now, as there isn't much space above. Defend at 1030, with an ideal target of 957.
In terms of data
Tonight we only need to pay attention to the movements of the US stock market. After last night's commotion, basically all US stocks fell straight down. Tonight, we focus on defending the 1030 line. There will be small impacts during the process, but it won't affect the overall market trend.
That's the specific situation.
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