Crypto market analysis 8.28 The market digests the expectation of interest rate cuts and continues to kill bulls?

In the past 4 hours, the cryptocurrency market has a total contract liquidation of 202 million US dollars, of which long orders have a liquidation of 193 million US dollars and short orders have a liquidation of 8.6745 million US dollars. The total liquidation amount of BTC is 71.9278 million US dollars, and the total liquidation amount of ETH is 57.8228 million US dollars.

The market fell sharply this week, clearing most of the gains in sentiment last week. The fluctuations of Powell's expectations of interest rate cuts were gradually digested and smoothed by the market. After temporarily exploding long orders, it is in a low state. If the current contract and leverage are still in a bullish trend, then the market will still be more dangerous. If the market is not in a bullish trend, then the slow liquidation value will be more normal.

There is still a possibility of secondary liquidation today. The probability is very high and it cannot be considered to have bottomed out. Continue to kill bulls.

Daily level market

· Daily level: Daily level rapid news increase, upper pressure around 65500, bottom support around 57800, daily level decline in the bottom around 57800 to see the situation of breaking, after breaking 57000 is the last key support.

4-hour level market· 4-hour level: The market is in a rapid downward trend at the 4-hour level, temporarily bottoming out, does not mean the end, oversold rebound upper pressure around 59800 and 61500, bottom support around 57800 and 57000.

Intraday level analysis Bitcoin's recent sharp drop is normal, mainly due to the uncertainty of American politics. As well as the current economic instability, there may be a risk of a hard landing on the news at any time. The current sharp drop and surge are normal, just let yourself survive, don't worry too much about other things.

· The intraday decline is close to the bottom, and the oversold rebound prevents the second bottoming out: the intraday market continues to fall, temporarily bottoming out near 59800, and the pressure above cannot go up and continue to bottom out. The bottom observes whether 59000 falls below and the situation near 57800 falls below. The pressure slightly above is near 60800.

The spot market needs to safely pass through this difficult moment in the history of encryption and remain calm in the face of difficulties. #美联储何时降息？ #BTC走势预测