Bitcoin has shown a higher low on the daily chart, forming an upward triangle with the apex at $62,000. If the market tends to form a short-selling pattern, a downward breakout may occur near this price point, and the price may drop to the $50,000 area. However, considering the upcoming interest rate cut and other potential positive factors, this adjustment may provide an opportunity for the Bitcoin market to trigger a new round of crazy bull market. Currently, the trading price of Bitcoin is in an unresolved state, and the trend in the short term is unclear.

In the long run, both the giant whales that control a large number of Bitcoins and the addresses holding more than ten Bitcoins are constantly increasing their holdings, and the recent cumulative increase has exceeded 130,000 Bitcoins. This active accumulation behavior reduces the circulating supply in the market and increases the space for large-scale operations. Therefore, before the potential bull market climax, investors should be cautious in using high leverage to avoid losses in the violent market fluctuations. #美联储何时降息？ #BNBChainMemeCoin $BTC $ETH $BNB