Hello everyone, I am Dashan, focusing on the trend analysis of mainstream currencies and updating market analysis every day. When some people laugh in the currency circle, some people will cry. I hope everyone is the former!
                            
The price of bitcoin fell directly overnight. I believe everyone has already known the main reason. The Federal Reserve has lowered its expectation for a rate cut in 2025. It was originally four times, but now it has been changed to two. Some people thought that there might be a suspension of rate cuts, but now it seems that it is unlikely to be suspended, but the number will be reduced. It is also an hawkish rate cut, which means that the market will still interpret it as a bullish dollar in the future. So the U.S. dollar index went up directly yesterday, and all non-U.S. currencies fell, including digital currencies. Of course, this time it was caused by a larger amplitude. Under normal circumstances, the previous few times The impact will be relatively small. Then, specifically on the market, the big cake is now testing the upper track of the channel. We have reminded you above that you can go short directly. I mentioned it in yesterday's post. At that time, I also said that from the perspective of the market, we are bearish here. Now the price has come to the lower track of the oscillating upward channel. It has been accurately tested again. Now it rebounds. It is still the same reason. You should not expect it to fall much. Recently, the big cake is still oscillating, rushing up and falling back. Now it is adjusting in the range. It is not likely to rise sharply or fall sharply. Yesterday, it basically gave enough face. That's enough! Don't expect it to have too much volatility.