Bitcoin is the only currency to rise. There are still 16 hours before the Fed announces a rate cut
BTC rose sharply to celebrate the Mid-Autumn Festival, which really fits the feeling of to da moon. Unfortunately, only Bitcoin rose, and the price rebounded from 57,500 to above 60,000. The prices of most other coins are still at the price of Bitcoin at 58,000, which makes people who play altcoins feel very frustrated. It rises, but it can't rise. It falls, and it falls sharply. What's the use of altcoins? Friends, it's time to wake up!
Have you noticed that as long as it is a Chinese festival, Bitcoin rises most of the time, as if it is deliberately pulled up to celebrate the festival, hahahaha. There are still 16 hours before the Fed announces a rate cut, and a big fluctuation is coming. Those who are not sure should exit the wait-and-see market in time, and do not use high leverage. There will definitely be a pin-up market at night.
Today's market analysis, from the K-line, the 1-hour level is a downward trend, the 4-hour level is an upward trend, and the 12-hour level was originally a downward trend. It was pulled back by a big Yang yesterday. After 12 o'clock, it will enter an upward trend again. The daily level is an upward trend. The intraday pressure level is 62080, and the support level is 58600.
