The last data before the interest rate cut will be released on September 11. The previous value of the seasonally adjusted CPI annual rate at the end of August was 2.9%, and the expected value was 2.6%. This expected value is very close to the Fed's target.
Therefore, given the stable improvement in the current macroeconomic data, combined with the Federal Reserve's conclusion that the current economy is not in recession, we can be sure that the first 25 basis point rate cut will have the necessary positive effects on the market. If the first rate cut is 50 basis points, it will once again usher in the panic of an economic recession and a deep decline.
BTC
Yesterday's daily report indicated that the price was going to test the H1 supply zone of 55800-57000 upwards, exceeding expectations. At present, the pin has tested the H4 supply zone of 57600-58500. Now we are concerned about whether there is a distribution in this area? The distribution was rejected, considering the support of 54500-53600 below. If it breaks through 58500, it will look up to 59000-59800!
ETH
Accurately reached the H1 supply zone of 2350-2400! Very well behaved! If this area is rejected, consider the support of 2300-2270 below! If it breaks through and stands firm, wait for the test of 2440-2490 upwards!
SUN
Arrived at 133-135 given yesterday as expected! Currently paying attention to whether 138 can break through and stabilize. If rejected, wait for the support of 130-126!
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