Yesterday, the price of Bitcoin briefly fell below the lower boundary of the descending triangle pattern it formed and then recovered quickly. However, it is still in a high-risk position and may break through the lower boundary again. Although the rapid recovery of the price yesterday temporarily eased the market's concerns, the current market situation still shows potential instability. According to previous analysis, every sharp drop in price is an opportunity to buy at the bottom when the fundamentals have improved. Although it is difficult for the market to fall below the previously set low, the price tends to rebound quickly and form a higher low, which may mark a reversal of the trend.

At present, investors should pay special attention to the market pricing behavior before the rate cut. If the market expects the economy to enter a recession, it may trigger a sharp price drop. However, according to the current situation, the Fed's management of market expectations still seems to be widely recognized by investors. At the same time, the strict regulatory measures of the US Securities and Exchange Commission (SEC) on the crypto market may prompt investors to move to PoW (proof of work) currencies with higher network security, thereby reducing risks.

In addition, as Switzerland, a global financial center, begins to carry out Bitcoin transactions, more and more countries and regions are gradually entering the cryptocurrency market. The continued improvement of fundamentals, coupled with the increasing sophistication of capital market manipulation, is changing the adaptability of traditional investors to market trends. The transformation of the cryptocurrency market from the fringe to the mainstream, and the SEC's crackdown on market manipulation, show the maturity of this market and the strengthening of supervision. #加密市场急跌 #非农就业数据即将公布 #BTC走势分析 #美联储何时降息？ $BTC $ETH $BNB