After the 50 basis points rate cut yesterday, Bitcoin rebounded as expected. Today, Bitcoin has reached $63,494, which is basically consistent with what Laoshan said in the article. If Bitcoin breaks through and stabilizes at $62,000 and stabilizes at $62,000, it will break upward. Today, it is hovering above $63,000 as expected. Next, focus on the pressure level of $65,000. The selling pressure here is very heavy. Be careful, there will be a trap for you here, and then another wave of longs. Next, focus on the support level of $62,000, followed by the support level of the 60,000 mark. As for Ethereum, it has now broken through the pressure level of 2,450, and will next touch the position of 2,550 to see if it can break through. To be honest, Ethereum is indeed a bit bad, and the rebound is not strong. It started at least at 2,700 at this time before. Ethereum focuses on the support level of 2,200. The copycat still has to wait patiently for Ethereum to not explode without large funds. The layout was also notified yesterday, and those who didn’t keep up still have a chance
Yesterday, the Bank of England stopped cutting interest rates, and Japan was also preparing to announce an interest rate hike during the day. It's really interesting that the United States cut interest rates by 0.5%. Everyone is afraid of it. After all, the hegemony of the US dollar is here, and everyone is afraid of being harvested by it. In fact, the whole world knows how bad the US economy is. But it is stubborn and you can change the data at will. When reporters asked Powell yesterday, he was playing Tai Chi. When asked about the economy, he said something else. Now his thoughts remain unchanged. His thinking is the same as what Lao Shan said. Even if the economy is very bad, he will not admit strong support. This will have to wait until after the election on November 5. This mess will be dealt with by the next president. October is a vacancy, so hurry up, this opportunity is not difficult, by November, you can't hold it back and still be bullish, what can you be bullish about? Have you considered this issue? The US economy is in recession, and the funds here will be withdrawn to save the US, and a series of reactions will come out. Now I will just say it to the point. As I said before, the market is now controlled by the United States, and the long and short trades are very frequent. If you don't change your mindset, you will only be eliminated. Don't stay in the 21-year bull market. I will stop here to avoid making some people unhappy.
