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September 8/Does the crypto market need a technical bull market or a capital bull market?
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#uni #sats #TON #sol #AAVE
🔹Reviews of Cognitive Society
There is a big difference between the highest point of Bitcoin rebound on September 8, 54,800, and the pressure point of 55,500 mentioned in yesterday's article.
The rebound after the sharp drop was very weak, indicating that there is a high possibility of another bottom.
There are still 10 days until the Fed's rate cut meeting. At present, a 25-point rate cut is more likely. Reducing the interest rate from 5.5% to 5.2% has little significance in the short term, and it is estimated that it will be difficult to solve the market liquidity problem.
When the crypto industry enjoys the feast of the US ETF, it is actively controlled by the US. The US economic data, US policies, and US liquidity determine the rise and fall of Bitcoin and the crypto industry.
#uni #sats #TON #sol #AAVE
🔹Reviews of Cognitive Society
There is a big difference between the highest point of Bitcoin rebound on September 8, 54,800, and the pressure point of 55,500 mentioned in yesterday's article.
The rebound after the sharp drop was very weak, indicating that there is a high possibility of another bottom.
There are still 10 days until the Fed's rate cut meeting. At present, a 25-point rate cut is more likely. Reducing the interest rate from 5.5% to 5.2% has little significance in the short term, and it is estimated that it will be difficult to solve the market liquidity problem.
When the crypto industry enjoys the feast of the US ETF, it is actively controlled by the US. The US economic data, US policies, and US liquidity determine the rise and fall of Bitcoin and the crypto industry.
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