On the 23rd, Bao made a speech, and the interest rate cut was confirmed.

So it's already the 20th, will Bitcoin surge?

Bitcoin is struggling below the key moving average

The trend of Bitcoin has recently fluctuated between 57,000 and 60,000

The price trend has been restricted by the key 200-day moving average (close to $63,000).

Technically, 63,000 is a key position.

On the hourly chart, today, whether it is BTC, ETH. Sol, BNB or Floki in the meme coin, they all show a bullish trend.

In terms of long and short comparison, the bulls are dominant, and the bullish sentiment is increasing due to greed and fear.

On the news side.

The recent selling has basically slowed down, and the Fed's interest rate cut is approaching. It can be said that a 25 basis point cut should be certain, and Bao, the Fed's chairman, will also speak on the 23rd.

Global liquidity has begun to increase, and a pattern is forming.

I still feel that there will be a wave of market before the interest rate cut.

Of course, the bottom insurance is 57,000. If this position is broken, it may be 52,000.

#杰克逊霍尔年会 #美国CPI数据连续第4个月回落 #美国7月PPI低于预期 #BTC

The current bull market is surging, and we have the opportunity to share passwords every day.

Again, if you don’t know what to do in the bull market, click on my avatar and follow me. Bull market spot planning, contract passwords, free sharing.

I need fans, you need references. It’s better to follow than to guess.