The first day after the Fed cut interest rates by 50 basis points
Bitcoin broke through $63,000 and traded sideways at a high level
Yesterday's market review: After the Fed announced a 50 basis point interest rate cut, Bitcoin went up and down. It was pulled up to $62,000 in the Asian session in the morning and traded sideways. It began to rise around 17:00 in the afternoon and reached a high of 63,800 at around 1:00 in the middle of the night, but was blocked and pulled back (which was also the pressure level mentioned in the market analysis yesterday morning). It is currently consolidating around $63,000.
Today's market analysis, from the K-line, $BTC is in a downward trend at the one-hour level (but there is also a phenomenon of stopping the decline), the 4-hour level is an upward trend (but it has entered the late stage and is about to trade sideways or fall), and the 12-hour and daily levels are in an upward trend. The intraday pressure level is 64,660 and the support level is 61,200. Today is Friday, and the volatility will increase. Pay attention to risk avoidance.
