The interest rate cut is about to be implemented. How will the market go? Where are the opportunities? Pay attention to these data this week!
After Bitcoin broke through the previous resistance at the 4-hour level, it failed to attack 65,000 twice and entered a volatile mode. The current 4-hour support level is around 62,300-62,000. At the end of August, the market has started, and the explosive market in Q4 is approaching. Hold the chips and wait. The cottage level is dominated by memes. Pay attention to Bitcoin and other ecosystems. Fractal's launch may drive the gameplay.
Data affecting the future market:
The US Bitcoin ETF has a net inflow, and the Ethereum ETF has outflowed for seven consecutive days. This is the reason for the Ethereum pull.
Nvidia will release its financial report on Thursday this week. The positive or negative realization will affect the AI sector of the currency circle.
Bitcoin has been sideways for nearly 6 months and may break through in early October. By then, the 30,000 bitcoins in Mentougou will be sold off, and there is hope for a market at the end of September.
Nvidia's financial report will be released on August 28, the revised value of the US second quarter GDP will be released on August 29, and the annual rate of the US core PCE price index in July will be released on August 30. GDP and PCE data affect trading sentiment for interest rate cuts, and Nvidia determines the trend of technology stocks. Traders focus on GDP and PCE.
The market may break new highs in the fourth quarter. This bull market is driven by interest rate cuts. It is expected that the interest rate cut will reach 3%, which will be almost the top, and intermittent water will be released. Those who have already laid out will gradually withdraw before the end of the year. Personally, I have a hunch that there will be a wash before the storm, so get on the big cake, otherwise wait for hot spots.
For cottages, stop profits in time for skyrocketing. When Bitcoin reaches the selling pressure zone, cottages will fall back, which is in line with predictions. The AI sector should pay attention to stop profits in batches due to Nvidia's financial report.
The interest rate cut will be implemented soon, and Powell's speech is the key to convey the information that the interest rate cut is finalized. The economy has not declined, and the election is also worth paying attention to. In the fourth quarter, the market's expectations for the Fed's water release have increased, and Bitcoin is attractive. The suspense in September is the extent of the interest rate cut. The copycat season has begun. Whether assets can be transferred depends on whether the opportunity can be seized.
