When will Bitcoin break through 70,000? How will the market go next?
The first abnormal point is that Trump's speech did not really increase the volume of Bitcoin to 70,000, and the hourly line amplitude was too low. If I were a dealer, if I wanted to cheat, I would definitely use Trump's speech to tell a story, pull over 70,000, cheat the contract to open an order, and then cut it down.
In fact, there is no, what does it mean? The dealer does not want floating chips. It can be seen from this that from the rebound and rise after the big drop in early July, I don’t think the dealer is cheating, and the average volume is also higher than the previous May and June. Especially the position of 70,000, this is too critical. It takes a lot of real money to break through here. The dealer is unlikely to spend money here and waste time. So much money is spent to prepare for the breakthrough. BTC 100,000 US dollars, witness the violent bull market!
At present, the market trend is to speculate on when the Fed will cut interest rates. According to current data, September is a key node. As for when to cut interest rates, the current terminal interest rate shows that the probability of a 25 basis point cut is 48.3%, which is higher than the probability of maintaining interest rates at 525-550 basis points.
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