After BTC hit 60,700 on Friday night, it rebounded by nearly $4,000 this weekend. On Monday morning, the market began to heatedly discuss whether to return to the A-share market tomorrow or continue to stay in the cryptocurrency circle. I don’t think this is a conflict. Don’t be too black and white. Investment itself is an investment in diversified high-quality targets.
Bitcoin rebounded as expected. The current price is 63700. It has risen to near the pressure! The turning point of the neck pressure is 65100. It has rebounded to around the key position! Pay attention to the pressure changes! Don’t FOMO.
On Monday, generally waiting for the resonance of the main forces in Europe, America and Asia to force short and long in the evening will have a better profit and loss ratio, and the safety factor is also the highest! If the big cake does not break through 65100 and does not stand firmly at 65500, there is still no basic condition to break the previous high! Only by breaking through 65500 will there be a new basis for rising!
CPI data is about to be announced, interest rate cuts are expected under non-agricultural data
1. Suspense of CPI data:
As an important indicator for measuring inflation, CPI is like a "midterm exam" for the market every time it is released. The market generally expects that the CPI data in September will continue the previous downward trend, with a slight increase of 0.1% month-on-month, the lowest increase in the past three months; the year-on-year increase is expected to be 2.3%.
2. The shock of non-agricultural data:
Looking back at the recent September non-farm payrolls report, its influence is still lingering. Data showed that the non-farm payrolls surged by 254,000 in September, far exceeding the market expectation of 150,000, and the largest increase since March 2024. The unemployment rate also fell to 4.1% for the first time, showing the strong resilience of the labor market.
3. Rising expectations of interest rate cuts:
The rise in expectations for rate cuts is not only due to the strong non-farm data, but also due to the subtle changes in the global economic situation. As the prices of international commodities such as crude oil and non-ferrous metals stabilize, and the global economy gradually recovers, the market's expectations for further rate cuts by the Federal Reserve in the future are becoming stronger. Federal Reserve Chairman Powell has also repeatedly hinted that as long as economic data continues to improve, future rate cuts will be a high probability event.
4. Market impact:
In terms of cryptocurrencies, as expectations of another rate cut heat up, the cryptocurrency community will look forward to the arrival of a big bull market, which will attract a large number of investors. In terms of the stock market, investor confidence is expected to be further boosted, and the stock market is expected to continue its upward trend.
The bull market is about to begin, and it’s time to invest in the future!
1. The bottom has appeared, the opportunity has come! Everyone is waiting and watching, the market is in a state of panic, this is the perfect time to buy at the bottom!
2. Good news is coming, and the bull market is not far away! Although the cryptocurrency circle is quiet, there is an undercurrent, and the next detonation point is just around the corner!
3. Dare to buy at the bottom, and you will get the profit! If you don’t enter the market now, when will you enter?
4. History always repeats itself! Every time a bear market ends, it is a great opportunity to buy at the bottom, and this time is no exception!
Summarize:
Although the current market is sluggish, the bottom characteristics are obvious. For far-sighted investors, this is the perfect time to plan for the future. With the continuous release of good news, the market is expected to usher in a strong rebound. Buying the bottom now is to lock in future wealth in advance!
