🚀 Bitcoin hits new 2-month high on China stimulus! 🇨🇳
- BTC/USD hits $66,194 on Bitstamp, up 3% for the week.
- Shanghai Composite posts best week since 2008 on stimulus.
- S&P 500 also hits new high after Fed cuts rates by 50 basis points.
📊 August PCE Index as expected, market expects another rate cut in November.
- Trader Skew says PCE is "pretty good" for the market.
- BTC holds $65,000 support, with buying liquidity rising to $63,000.
📈 Filbfilb from DecenTrader predicts BTC could continue to rally, with a very low long/short ratio.
What do you think about this BTC rally? Comment now! 💬#Bitcoin#Crypto#Blockchain#Finance#Tech#MarketTrends