In the early morning, the US stock market closed up collectively. This is the most optimistic expectation, which is very good.
Although BTC did not continue to rebound after the US stock market, it actually rose instead of falling in the Asian session today, which is also a good phenomenon.
The most critical point is that the rebound of BTC in the morning successfully tested the daily resistance level of 58,500. The position was 58,600 yesterday, and the moving average moved down again.
It is a good thing to try to break through. Let's see whether it can break through and stabilize and return to the upper track of the daily line today and tomorrow. Once successful, it will have a certain encouraging effect on the current price trend.
It should be noted that if the remaining two trading days this week cannot complete the breakthrough and stabilization action, the bullish sentiment will decline next week. At the same time, next week will face the critical time of monetary interest rate adjustment. Before the interest rate decision, the overall sentiment of the risk market will be relatively conservative.
At the same time, after the interest rate decision is completed next week, the dot plot released at the same time reveals the future rate cut rhythm, which will have a greater impact on the market.
So, I think it may be a good time to break through and stabilize this week. Of course, it is also good to maintain a conservative expectation of small fluctuations.
