First of all, I wish you all a happy Mid-Autumn Festival. There is only one day left before the first interest rate cut this year. There are big differences of opinion now. Many institutions are cutting interest rates by 50 basis points, and some are cutting interest rates by 25 basis points. If it is 25 basis points, it is a slow and normal rhythm. 50 basis points is a bit too radical, and often too much radicalness becomes bad news. Please be patient. The update will be late tomorrow, and maybe it will be updated in the early morning of the 19th, and then we will make preparations for the subsequent layout. Today, someone said that he saw a certain blogger analyzing a 75 basis point interest rate cut, and I laughed. I can only say that this is more institutional than American institutions!
The market is not very volatile. Bitcoin also pulled back to a low of $57,454 in the early morning, and then rebounded slightly during the day. Currently, Bitcoin is hovering at 59,050. Bitcoin pulled back more than Ethereum in the early morning. Ethereum also pulled back to $2,262 at its lowest, and then rebounded. It still did not fall below the 2,200 mark. The volatility is not very large, which is basically consistent with the trend mentioned in Laoshan’s article yesterday. According to Coinglass data, if Bitcoin rebounds and breaks through $60,000, the cumulative short order liquidation strength of mainstream CEX will reach 951 million. On the contrary, if Bitcoin falls below $57,000, the cumulative long order liquidation strength of mainstream CEX will reach 925 million. Now the bulls and bears are basically the same, and they will only move out of the market after the interest rate cut begins. At present, Bitcoin still focuses on the 60,000 mark on the top. If it stands firm and breaks through the 60,000 mark, it will focus on the 62,000 mark and the support levels of 58,000 and 54,000 on the bottom. For Ethereum, focus on $2,450 on the top and 2,200 on the bottom. If the volatility is not big, you can make some small changes. The big market is coming soon, and Laoshan will also make arrangements. Let me say it again. The current market is not the previous market. Don't stay in the thinking of the last bull. If you still stay in the last bull, others are making a lot of money, but you are worried about what you are short of. I believe someone here will refute it. I said this last year, but he bought a copycat. I asked him to buy Bitcoin, but he didn't listen. He was slapped in the face at the beginning of this year. Finally, Laoshan also hopes that everyone will make a lot of money in the currency circle. Today, Laoshan will make a simple analysis. I will analyze it step by step at 2 a.m. on the 19th. I am Laoshan. See you tomorrow! #币安上线NEIRO #美国大选如何影响加密产业？ #美联储利率决议公布在即 #ETHBTC汇率新低
