At 2:00 a.m. on September 19, the Federal Reserve unexpectedly cut interest rates by 50 basis points, which undoubtedly exceeded market expectations. Along with this rate cut, Federal Reserve Chairman Powell also conveyed a more moderate attitude, emphasizing that the main purpose of the rate cut is to protect employment, and expected two more rate cuts in the next year. Such monetary policy changes have not only caused fluctuations in traditional financial markets, but also had a profound impact on the cryptocurrency market, especially Bitcoin.

After yesterday's 50 basis point rate cut, Bitcoin rebounded as expected. Today, Bitcoin reached $64,000. Next, focus on the pressure level of $65,000. The selling pressure here is very heavy. Be careful to set a trap for you here and collect another wave of longs. Next, focus on the support level of 62,000, followed by the support level of 60,000. Ethereum has broken through the pressure level of 2,560. Next, it will touch the position of 2,600 to see if it can break through. To be honest, Ethereum is a bit bad, and the rebound is not strong. At least 2,700 started at this time. Focus on the support level of 2,400 below Ethereum. The cottage still needs to wait patiently for Ethereum. It will not explode without large funds.

In summary: The bull market is on the way, and breaking through the historical high is inevitable. Fill up your bullets this month and prepare for the explosion in October!