BTC
There are more than 10 hours left before the interest rate cut. The current price of Bitcoin is trading sideways around 60,500. As for the bottom it can rise to in the future, we have to wait for the news to land and see the performance of the market and the greed of the market. Now let's not look at the news, but look at the technical side of the market. From the price trend analysis, the current K-line pattern price of the market fluctuates around 60,000 US dollars, with obvious support and pressure. A long positive line appeared on the 17th, breaking through the previous high, but then pulled back.
The technical indicator 4-hour cycle MACD shows a bullish trend, the DIF line crosses the DEA line, and both are positive, indicating that the market is in an upward trend. The daily MACD also shows a bullish signal. RSI is close to 60, not entering the overbought range, but there is room for further rise. The daily RSI is above 50, indicating that the market still has upward potential. The short-term, medium-term and long-term moving averages of the EMA trend indicator are all bullish, so the positive trend at night is greater than the negative trend, and the overall bullish momentum is good.
