After the Fed cut interest rates, Bitcoin broke through $63,000, and the bull market set sail again?
After the Fed cut interest rates for the first time in many years, Bitcoin broke through the $63,000 mark, and risk assets were once again sought after! Whale players took action one after another, and large transactions soared from 12.5K to 16.5K, directly driving the short liquidation surge, and the short positions of $84 million in the market were ruthlessly liquidated.
At present, nearly 88% of BTC holders are in a profitable state, the market sentiment is optimistic, the supply of short-term holders has dropped significantly, and the confidence of long-term holders has been further strengthened. From a technical perspective, BTC has stood firm at the key support point, with broad upside space, and the short-term target is aimed at $65,000-70,000. It should be noted that the RSI is close to the overbought zone and may usher in a short-term correction, but the overall trend is bullish.
Have you got on board this bull market? Follow Lao Chen to take you through the bull and bear markets and master the key nodes!
