#BTC☀ It started to break upward at 8:00 am. The US stock market closed higher last night. The overall sentiment was relatively good. The Nasdaq and Russell were the main driving forces.
The CME swap rate shows that the probability of a 25 basis point rate cut in September has increased to 77.5%.
I took a quick look at the current trading volume of BTC. As of the morning stage, the trading volume has exceeded that of yesterday. At present, there has been a large turnover at the 60,000 stage. The BTC price has broken through the key point of the daily line in the short term. Now it depends on whether it can perfectly close a positive line and stabilize by 12 o'clock.
At this stage, the breakthrough of the Asian market does not rule out the situation of the position. At present, it seems that a lot of shorts have been cleared in this wave of rising shorts. The morning movement of the Asian market will generally last until 12 noon. By the way, my 60,000 short order is still there. The highest point of the day is only 200 points away from my stop loss. There is still a chance to break through in the morning.
If it fails to break through in the morning, it may return to the volatile market in the afternoon. I have something to go out later. I will look at the market again in the afternoon.
