With only 10 days left before the rate cut, will Bitcoin continue to hype the final rate cut expectations?
In the previous article, when Bitcoin was around 56,000, it was mentioned that Bitcoin would hit around 53,700 before and after the non-agricultural data.
And I personally believe that Bitcoin will continue to hype the rate cut expectations, the last support level.
At present, Bitcoin's lowest pin is around 52,500. Then the bottom consolidation is probably around 53,500.
In fact, it also conforms to the second exploration from 49,000. And it is likely to belong to the bottom range before the rate cut.
But there is no surprise in the current rate cut expectations, and there is no time. And there are too many uncertainties.
At present, my personal strategy is about 60,200-61,300 for the highs seen before the rate cut.
The low will be defensive and covered at around 51,000.
For today's market, Bitcoin has broken through the downward trend line of 598-525. And it runs along the upper edge of the trend after the breakthrough.
I am optimistic that after the opening of the US stock market, the entity will break through the 555-560 range and touch around 57400 in the early morning to the morning.
Alternative strategy: After the opening of the US stock market, the 1-hour K entity fell below 54700. That is, a false breakthrough and loss, and fell back into the channel again, looking at around 53000.
In extreme cases, 50700-51600 is used for defense.
A few days ago, an article analyzed that interest rate cuts are basically certain events.
But to prevent profitable investment or speculative funds from flowing out in large quantities, there is a high probability that disputes and unstable factors will be frequently created after the interest rate cut.
Then according to the interest rate cut, will the big cake first pull up and then fall, or fall directly after the interest rate cut. They all have to fall again, and the extreme high point is difficult to touch 69000.
But the extreme low will depend on the situation. I think it is likely to break 5w, and will consolidate at the bottom for about 3-4 months.
I mentioned it once before. This round of market is likely to be different from the historical cycle. It can only be used as a reference, not as a guarantee.
