The trend of the U.S. stock market is indeed invincible. Wall Street's means of manipulating the market are indeed superb. When the U.S. stock market falls, Bitcoin also falls. Yesterday, the U.S. stock market directly pulled 2 waves of Bitcoin and followed closely. It was really outrageous. Yesterday, Laoshan also mentioned in the article that if Bitcoin breaks through 58,500 US dollars and stands firm, it will go back to touch the 60,000 mark. Bitcoin also broke through the 60,000 mark directly, reaching a high of 60,590 US dollars, but the pressure from above is still relatively heavy. The selling pressure at 62,000 US dollars is still relatively large. Currently, Bitcoin has been adjusted to 59,700 US dollars. As for Ethereum yesterday It is still quite high, reaching 2463 USD, but still failed to break through the 2550 USD mark. The increase of Ethereum is worse than that of Bitcoin. This is normal. After all, Bitcoin is the leader, and the capital behind it is buying like crazy, giving people the illusion that the market is not short of money. In fact, only Bitcoin is rising, Ethereum is slightly rising, and the altcoin is still hovering at the bottom. According to relevant news, CZ has connections with many currencies, so at this time, we must wait patiently and see him come back to hype Ethereum and altcoins. Now the market liquidity is still poor, and it is basically Wall Street that is harvesting back and forth.
For Bitcoin, the current focus should be on the pressure level of 62,000, the support level of 58,500 below, and the support level of $2,200 for Ethereum. The pressure level of $2,550 above. As the interest rate cut is about to come out, many US institutions are expecting a 50 basis point cut, but there are also many disadvantages. According to US traders' pricing, the probability of the Federal Reserve cutting interest rates by 25 basis points and 50 basis points next week is almost equal. The changing bets reflect one of the key issues facing the market today: whether the Federal Reserve will stop the weakness of the labor market through aggressive interest rate cuts, or will it take a slower pace of interest rate cuts to wait and see, which has a relatively large impact. Recently, I believe that many people have seen how much Bitcoin a certain whale has increased its holdings. When everyone sees these, they are very excited and think that a new high will be reached immediately. In fact, it has fallen instead of rising. In fact, to put it bluntly, many whales are also leeks, just a little bigger than you and me, and are also harvested by some American capital such as BlackRock and Fidelity.
Let's get back to the point. The rate cut is only a few days away. Please be patient and wait. Many people followed Lao Shan to make money yesterday. Next, please be patient and wait for the day when the rate cut will be large. I will teach you how to arrange your layout when the time comes. Don't give warmth to the dealer. I am Lao Shan. Thank you for watching! #新币挖矿CATI #FTX赎回Solana #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 #比特币年底能否突破10万美元？
