September 14/FTX 10 billion funds enter the market at the end of the year. Financial markets generally rise after the US election.
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On September 14, Bitcoin rebounded to a high of 60,500.
After all, the CPI data is a small positive. The market is slowly rebounding after a short-term panic. At present, there is a 50% chance that the interest rate cut in September will be 50 basis points.
If the U.S. economy does not decline, the greater the U.S. interest rate cuts, the more liquidity there will be in the market, the more money there will be, the higher the risk assets will rise, and the more favorable Bitcoin and the cryptocurrency world will be.
Bitcoin 60,000 and 63,000 are strong pressure points. The reason for this round of surge is the incremental funds of Bitcoin ETF. The strong pressure point in the future market depends on the net inflow of Bitcoin spot ETF.