A new day has arrived, good morning everyone! The Fed cut interest rates by 50% this morning, as we expected. After the rate cut, the exchange rate quickly rose to 61,300, then fell back to 59,400 and rebounded again, reaching 62,000 this morning. The trend shows that the bulls are strong and unilateral. The rate cut will definitely increase. I said this a few days ago, and I don’t know how many people listened to it. At present, the bulls have given it a continuation again, and you can’t blindly go short at this time. In the current trend, the general direction is still running in an upward trend, so the market outlook will continue to maintain the bullish thinking!

From the current market, at the four-hour line level, the exchange rate has increased with the upward opening of the running channel. The rhythm is accompanied by a weak retracement to further bottom out and rise. The bullish volume is gradually released, driving the moving average to rise in consistency. The trend has turned bullish and irreversible. In the one-hour level line, the running channel maintains an upward trend, the price ratio gradually rises, and the long and short volume conversion is carried out, but it drives the overall trend to be bullish. The bulls are gradually becoming stronger in rhythm. The short-term retracement is a prelude to a high rise, so the follow-up can still be carried out around long positions.

Bitcoin: You can go long directly near 61800, and the target is 62800

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