There are still 40 hours before the US rate cut is announced
Yesterday's market review, the price of the big cake fell to 58100 in the morning and then rebounded to 59000. It began to fall again in the evening until the US stock market opened and accelerated its decline. Finally, it stopped falling near the support level of 57400 mentioned in the analysis yesterday morning. It is currently suppressed by the 58000 mark.
The situation is a bit bad. It really feels like the dealer ran away in advance. Is it really necessary to roll inward like this now? Is there any need for the little leeks to play? I hope the dealer took the opportunity to clean up the market. If he really ran away in advance, I don’t know where it will fall after the rate cut😅
The Federal Reserve will announce the interest rate cut basis point at 2 am Beijing time on the 19th. The current forecast is a 25 basis point cut, which is also likely to be the case.
Today's market analysis: From the K-line, BTC is in a sideways trend at the one-hour level, a downward trend at the 4-hour and 12-hour levels, and is about to enter a downward trend at the daily level. The intraday pressure level is 59200 and the support level is 56500.
