Analysis of BTC market on September 19:

Yesterday we said that if the pressure near $60,400 cannot be reached today, the BTC price will go down again. If the BTC price breaks through and stands above the pressure near $60,400, the market outlook is bullish

Yesterday's market did not fall below the support near $65,551 we mentioned. In the evening, affected by the positive impact of the US interest rate cut, the market rose and broke through the short-term pressure near $60,400. If the price remains above $60,400, it can continue to be bullish, but there are many locked-in orders above, and the pressure is relatively large, so it is necessary to be cautious about bullishness. Once the support near $60,400 below is broken again, it will be bearish.

BTC upper pressure level: around $65,229 (break through the pressure of $65,229, look up to the pressure near $70,000)

BTC lower support level: around $60,400 (break through this support, it will go down to the support near $56,651)#美联储宣布降息50个基点