Military Advisor Daily Market Analysis:

Let's take a look at the liquidation chart, from the highest point of 60500-57500.

A drop of 3000 dollars, 115 million liquidated, 58100-57500 is very difficult to go down.

Continuous fluctuations indicate that there have been buyers and buyers. A large number of long positions were liquidated at 57000-57500. In fact, it was just a matter of one shot. There was no reason to buy.

Let's take a look at ETFs. It's more interesting. There were more sales last week, and very few sales last week, and buying increased.

On Monday, only Grayscale was selling normally, although it didn't buy much, and 8 didn't sell.

It is estimated that everyone is waiting for the Fed's interest rate decision.

The holdings are basically the same as yesterday, 30.7 billion US dollars today.

The funding rate is now also more balanced between longs and shorts.

Bitcoin market;

Currently, this K chart is similar to the retracement of 49000-62700.

At present, it is still effective at the rising support position and has not been broken.

The current price is not high in the Bitcoin price range, so there is no need to push it down unless there is a big negative news on the 18th. I personally think that no matter how much the interest rate is cut, the Federal Reserve is always focusing on a soft landing. The Democratic Party is still in power during the election, and there will be no economic collapse. In the case of a soft landing, there is a high probability that there will be a small climax and then a decline.