$BTC Rational analysis shows that the overall environment is recovering, including US stocks, gold, and even A-shares have risen sharply in the past two days. As the Fed has begun to cut interest rates, the whole world has started a new round of interest rate cuts.
The impact on non-US assets may be greater. The Fed's interest rate cuts allow non-US countries to start a large-scale interest rate cut, and there is no need to worry about being harvested by the tide by cutting interest rates in advance; coupled with the depreciation of the US dollar, it will accelerate the inflow of US dollars into core assets. $ETH
As we said before, interest rate cuts are real and large-scale benefits, so our vision may also need to change accordingly. Even if a bull market is started, there is no shock, and we cannot be limited to the idea of shorting at highs. $BNB
The above only says that the macro environment provides the basis for market recovery, but this is only a rule in the model. Looking back at the trend of the big cake itself, the resistance is broken step by step. At present, it is difficult to break through 62,000. The short-selling force is insufficient. We do not consider shorting above 62,000. It broke through 64,000 again today, and the short-term resistance is at 65,000. The profit and loss ratio of trading here is not big.
Follow up, pay attention to whether there will be a shock above 64,000, and consider chasing after the breakthrough after the shock; wait and see for the time being