Yesterday’s CPI data was also released, with the previous value of 2.9%, the expected value of 2.6%, and the actual value of 2.5%. This relatively positive expectation is the same as what Laoshan reminded in his article the day before yesterday. Before the CPI came out, Bitcoin was around 58,100 and Ethereum was around 2,380. Laoshan also reminded people to beware of traps many times. As a result, Bitcoin and Ethereum also pulled back after the meeting yesterday. Many people chased high prices directly based on the positive CPI data. As a result, Bitcoin and Ethereum pulled back one after another. Bitcoin also reached a low of $55,531 and Ethereum also pulled back to $2,275. Currently, Bitcoin is hovering at $58,243 and Ethereum is at $2,357. The dollar is hovering. In the short term, bitcoin will have the strength to rebound. Pay attention to the pressure level of 60,000 on the top and the support level of 54,000 on the bottom, followed by the support level of 50,000. As for Ethereum, the pressure level remains unchanged at 2,450 US dollars. Pay attention to the support level of 2,200 on the bottom. The day before yesterday, many fans commented below that they were trapped. Lao Shan also said that there will be a correction and they can just follow the trend when the time comes. Yesterday, many people’s short orders were also untied. The next thing is the most important market. There are about 6 days before the interest rate cut comes. It is basically 100% certain that it will be 25 basis points. The dealer’s expectation is 50 basis points. At that time, new traps will appear, and they are still big traps.
The debate between Trump and Harris was also relatively exciting this time, more exciting than the last one between Trump and Biden. Harris was clearly in the upper hand this time. Musk supported Trump, and the famous singer Taylor Swift posted an article to publicly support Harris. Lao Shan also said before that Harris would be in the upper hand this time because Harris has everything. Many people said before that Bitcoin would be mentioned in this debate, but it was not mentioned at all throughout the whole process. To put it bluntly, it was just an excuse to get more people to support them. There are less than two months before the US election. We will see who will win then. Now the US data looks perfect, and I personally feel that it is still holding on. By then, the economic recession after the election will not be able to hold on, and a series of things will come out. At that time, the funds in the currency circle will also go to rescue the United States, so everyone should seize this wave of interest rate cuts and get a big one. On the day of the interest rate cut, Lao Shan will also notify everyone how to lay out. If you want to know how to lay out, you can also ask Lao Shan
According to relevant reports, if Bitcoin rebounds and breaks through $60,000, the cumulative short order liquidation strength of mainstream CEX will reach 732 million. On the contrary, if Bitcoin falls below $56,000, the cumulative long order liquidation strength of mainstream CEX will reach 1.203 billion. Here comes the familiar link again. The bulls are still relatively strong and the dealers will still kill both the long and short positions. It has been more than a month and it has been going back and forth for many times. Here I suggest that everyone go with the flow and don’t give warmth to the dealers. It is not easy to do mainstream business. I suggest that everyone should not touch the copycat. When the interest rate cut comes out, the market will be better. Wait patiently. The big market is coming. I am Laoshan. Thank you for watching! #美降息25个基点预期升温 #灰度将推出首个美国XRP信托 #特朗普哈里斯辩论未提及加密货币 #比特币挖矿难度创历史新高
