Yesterday there were two situations worth our attention
(1) Accompanied by a sharp decline, 10,000 BTC flowed out of exchanges
It indicates that large funds are buying the dip again
Mainly from Coinbase
During this round of decline, Binance saw inflows
(2) Last night, core inflation data was released
US PCE and core PCE data were all below expectations, which is favorable for the crypto sector
It offsets the negative impact of the Fed not lowering interest rates next year or only lowering rates twice
From a technical indicators perspective, yesterday's market was similar to August 5th
Daily MACD dropped to its lowest
MA 30 is at $98,500
The buying cost of BTC in the past month has been above $90,000
It just hit the strong support around 92,000 that we discussed in class yesterday afternoon
So, looking at the rebound ahead,
It's relatively easy for BTC to return to its peak #比特币战略储备 #萨尔瓦多增持BTC #加密市场回调 #比特币市场波动观察 #USUAL走势分析
