"The Fed cuts interest rates by 50 basis points, and BTC gains 800 points!"
As the Fed announced a 50 basis point interest rate cut, Bitcoin (BTC) quickly became the focus of the market, showing support around $59,500 in the short term. If the price breaks through $61,000 and stabilizes, you can boldly increase your position and look at the target of $62,000!
Analysis: Bulls are still there! The MACD indicator shows that the fast line has signs of turning, suggesting that there may be adjustments in the short term. But the overall trend is still in a bullish pattern, and the rebound momentum has not been completely destroyed. Although the pressure of shock callbacks in the short term still exists, the bottom support of the market keeps us optimistic.
Keep up with the market pace, grasp the investment pulse, more professional analysis is here, follow Boshi, keep up with our pace, and welcome the bull market together!
