Market Analysis 9.20

Driven by the positive impact of interest rate cuts, BTC is currently approaching $64,000.

Yesterday, ETFs inflowed $158 million.

In terms of on-chain data, BTC in exchanges is still flowing out.

This time it is estimated to rebound to around $67,000 for a small correction.

70,000 is a strong pressure point, with many locked-in positions. Once confidence is insufficient, these people will dump the positions to recover their capital.

But if it breaks through 70,000, it will be 90,000-100,000.

100,000 is still difficult, unless the Fed cuts interest rates twice more, more than 75 basis points.

The overall trend of the cryptocurrency market in the future will still be upward, but there will be some twists and turns in the middle, and there may be black swan risks at present. (1) The last 30,000 to 40,000 BTC in Mentougou will move. If this happens, it will take two weeks to digest. (2) Israel and Lebanon's Hezbollah will fight, triggering Iran to join. (3) Recently, we have received intelligence that a large number of BTC seized by the Chinese police will be sold. A pilot project is being carried out in Changsha, Hunan, and it has not yet been verified. Investment is full of uncertainty. If there is a high probability that it will rise, we will hold it. If it rises too sharply, we will sell it. If we encounter negative news in the middle, we will deal with it. Patiently hold the currency: Chr, stx, ftm, BNB, AR. Zhao Changpeng will be released from prison at the end of the month. Once the hot news is stimulated, BNB may rise to around 600 before selling it. #BTC #加密市场反弹 #美国大选如何影响加密产业？ $BTC