The market's expectations for the Fed's rate cut this year have increased, and it is expected that the rate will be cut by 100 basis points this year, mainly because the US job market continues to be sluggish, and the election of Comrade Trump and Ms. Ha is generally believed by the market to boost the crypto market! We may really have to look at Duo in the future!

In the four-hour view, the Bollinger Bands opened again after a serious contraction, and the currency price ran between the middle and lower tracks of the Bollinger Bands. The middle track has been extending upward. KDJ is in the oversold area and turns downward. MACD extends upward from a high position. The volume is low and relatively weak!

From the overall market, although Duojun has an advantage in the currency price, it seems to be insufficient, so Qingning believes that there may be another wave of retracement and repair of the big cake. The short-term suppression above focuses on the vicinity of 58700, the integer mark of 59000 and the vicinity of 59800! Support below is around 57500 and 56500

57000-57500, 585000-58900

59000-59300, 57500-58000