Market analysis from 9th to 13th

The probability of the Fed cutting interest rates next week reaches 79%

BTC breaks through the 65,000 mark?

What major impact does the Fed's interest rate hike or cut have on the crypto circle? Since cryptocurrencies are all denominated in US dollars, the Fed's interest rate hike or cut will directly affect the value of the US dollar. Interest rate hikes usually increase the value of the US dollar, thereby increasing the purchase cost of cryptocurrencies and having a negative impact on their prices. Interest rate cuts may cause the US dollar to depreciate, thereby reducing the purchase cost of cryptocurrencies and having a positive impact on them. Therefore, the greater the probability of interest rate cuts, the more favorable it is for cryptocurrencies. Of course, there are many factors that affect the price trend of cryptocurrencies. The focus is on these two: the first news aspect and the second technical aspect. I will look at the technical aspect next. Technical analysis of BTC: The closing of the monthly line of the big cake in August was not very beautiful, so it fluctuated downward all the way in September, falling all the way to around 53,000. After the weekly line closed, there was a rebound, but there was no sign of stabilization. After the golden cross of the daily line, it rebounded to the middle track of the Bollinger band near 59,000. It takes a lot of courage to break through, or it needs a wave of news stimulation. If the interest rate cut is successful next week, the probability of rushing to 65,000 is very high. Let's wait and see. Technical analysis of ETH: Ethereum is relatively weak compared to big cake. After closing the monthly line in early September, it has been hovering around the middle track of the monthly line. The oscillation range is 2300-2400, which is a hundred points up and down. Although there are rebounds on the weekly and daily lines, they have not even touched the middle track of the daily line. The main reason is that major institutions and big investors do not listen to the sell-off, and they are leaving the market at a loss. I have analyzed before that there may be major accidents that are unknown to the public. Institutions are very sensitive.