The rebound caused by the interest rate cut is basically over. The price of Bitcoin fell as expected.
Yesterday, we said in the market analysis that the upward force at the daily level has been exhausted. If it cannot be pulled up strongly, then the market at the daily level can only end and turn to decline. Sure enough, it fell after encountering serious resistance after rising to 64,800. After the US stock market opened in the evening, it rebounded slightly and then fell. It is currently consolidating around 63,000.
Today's market analysis: From the K-line, BTC is in a downward trend at the one-hour level (but it has stopped falling), the 4-hour level is in a downward trend, the 12-hour level has just entered a downward trend, and the daily level is sideways (if it closes down again today, then the correction at the daily level will officially begin). Pay attention to the risks. The intraday pressure level is 64,800 and the support level is 61,130.
