Market Analysis 9.24

Hello, brothers. Yesterday we reminded that the pressure level of $64,500 is still very high, because a large number of locked-in positions were formed around August 24. The sideways fluctuation time is not yet in place, and it will take at least 3 days.

BTC failed to rush up yesterday and fell back to $63,000.

But some cottages are still strong. BNB broke through $600, and AR broke through 22.

A big turning point, as mentioned yesterday, is that US presidential candidate Harris expressed support for cryptocurrency.

Another superpower, China, due to price deflation and falling housing prices, today the People's Bank of China also announced a rate cut and reserve requirement ratio cut to release 1 trillion yuan of long-term liquidity.

Everyone has more money in their hands, so they can come to the currency circle to gamble, which is also good for the currency circle.

BTC's 7-day moving average of fund flow ratio has touched 0.05 and started to rebound, which indicates that investors have started to trade on exchanges again. This rebound usually occurs when the bear market or halving event ends and the bull market begins, leading to a long-term sharp rise in Bitcoin prices. The current judgment is that BTC will break through after a few more days of volatility. Many altcoins will double in October. The final value of the second quarter GDP data will be released by the United States on Thursday. The August PCE data will be released on Friday, which is one of the preferred inflation indicators of the Federal Reserve. If the data on Thursday and Friday are positive, this trend will accelerate. Recommended currencies to hold: Chr, FTM, STX, AR, BNB, Astr, Klay #BTC #加密市场反弹 #美联储宣布降息50个基点 $BTC