Since the Federal Reserve announced a rate cut on September 19, Bitcoin has experienced a large shock. Last night, the bears exerted their strength and the price fell sharply, reaching a low of 60,331. Currently, 60,000 US dollars is a key support level, and there is a temporary small correction.
The daily level fell below the EMA120 line. The K-line reached below the four-hour Vegas tunnel. At present, Laobi still believes that Bitcoin is still in a downward trend. The bears are still exerting pressure, so it is particularly important to hold the 60,000 mark. If it falls below, it may be another wave of rapid price decline.
Against the backdrop of the Fed’s rate cut, I am optimistic that Bitcoin is seriously undervalued. I personally think that tonight’s CPI data is likely to be positive, and I hope Bitcoin can hold the key psychological barrier of 60,000.
#比特币政策 #CPI数据
