On September 19, the interest rate was cut by 0.5%. After the implementation, Bitcoin surged and fluctuated sideways. Today, the price of Bitcoin is 61,900. Yesterday's update was 59,900, an increase of 2,000 dollars. Here, Bitcoin fluctuated sideways and then the cottage market rebounded.

Today's contract map update:

Bitcoin long orders: 61432, 60908, 60384, 59860, 59336

Bitcoin short orders: 62480, 63004, 63528, 64052, 64576

Ethereum long orders: 2400, 2376, 2353, 2330, 2307

Ethereum short orders: 2446, 2469, 2492, 2515, 2538

The speculation of interest rate cuts started from the 55555 pin on September 10 Yes, Bitcoin rushed to 60,500 at the beginning, and then fell to 57,500. In the past week, the speculation of 50% interest rate cut began, 57,500-61,000=3,500. Then Powell cut interest rates by 50% beyond expectations, 59,500+3,500=63,000. This is the current digestion of the positive impact of the interest rate cut. Before the 50% speculation, it rose by 3,000 dollars. After the 50% interest rate cut, it repeatedly inserted 59,500, and rose again in the current wave. Bitcoin is now in a high-level oscillation market after the positive pull. Bitcoin's fluctuations here give the cottage a chance to make up for the rise, because Bitcoin has risen a lot in the previous half a month, but the cottage is still on the floor. So everyone can see whether a cottage has taken off, some have been listed on the Korean platform, etc., and the increase is 20-30% in an instant. Ethereum also started to make up for the rise at noon today, and it has risen by about 2% at present. Let's talk about the market in the next few days: Bitcoin's current wave of interest rate cut speculation is not big for the time being, probably around 62500-63000. So Bitcoin's volatility gives altcoins an opportunity. You can open the daily chart with Bitcoin on the left and another altcoin on the right to compare. Bitcoin has taken off halfway up the mountain, while Ethereum altcoin is still on the floor. Compared with Bitcoin at 62000, Ethereum should be 2600 or even higher. After Ethereum and altcoins make up for the rise for 2-3 days this week, Bitcoin and Ethereum altcoins will collectively pull back next week. Bitcoin's daily support is 59500 and 57500, and the monthly line will be closed at the end of the month. Then the main rising market will be in the autumn market in October. See Figure 3, which is the unilateral rise of the daily line in February in the spring. At that time, it seemed that Bitcoin rose first and then Ethereum made up for the rise. So in the next 3 days, the market will have a small correction. You can make up for the rise of Ethereum or altcoins in these few days, and then wait for BTC and ETH to pull back together at the end of next week before doing the unilateral daily rising market in October.The end-of-month correction is for the unilateral surge in October

There are only two good market trends in a year, February in the first half of the year and October in the second half of the year. You can take a look at the market trends in February at the beginning of the year. It is most important to grasp the market trends in October. October is a bronze month.

After the end of October, I am not optimistic about the market trends in November and December at the end of the year. The overall trend of the currency circle in 2024 is particularly similar to that in 2021 and 2019. You can also take a look at the trends of the currency circle in the second half of 2019 and the second half of 2021.

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