Hello brothers, yesterday we reminded that the pressure level of $64,500 is still very high, because a large number of locked-in orders were formed around August 24, and the sideways fluctuation time is not yet in place, at least 3 days are needed. BTC failed to rush up yesterday and fell back to $63,000. But some copycats are still strong, BNB broke through $600, and AR broke through 22. A big turning point, as mentioned yesterday, is that US presidential candidate Harris expressed support for cryptocurrency. Another superpower, China, due to price deflation and falling housing prices, today the People's Bank of China also announced a rate cut and reserve requirement ratio cut to release 1 trillion yuan of long-term liquidity. With more money in hand, everyone can come to the cryptocurrency circle to gamble, which is also good for the cryptocurrency circle. BTC's 7-day moving average of capital flow ratio has touched 0.05 and started to rebound, indicating that investors have started to trade on exchanges again. This rebound usually occurs at the end of a bear market or halving event and the beginning of a bull market, leading to a long-term and substantial rise in Bitcoin prices. The current judgment is that BTC will break through after a few more days of fluctuations.

In October, many altcoins will double.

The final value of the second quarter GDP data will be released by the United States on Thursday.

The August PCE data will be released on Friday, which is one of the preferred inflation indicators of the Federal Reserve.

If the data on Thursday and Friday are positive, this trend will accelerate.

Recommended currencies to hold: Chr, FTM, STX, AR, BNB, Astr, Klay