Bitcoin fell to 58,900 last night, but has not fallen below 58,500. It is not the right time to go long.

News

1. US stocks rose across the board, but Bitcoin fell, and the dollar rose strongly, which violated the traditional rule that interest rate cuts lead to a fall in the dollar. This may indicate that the US economy is still strong, but we need to be wary of the risk of Bitcoin decoupling from US stocks!

2. Last night, the US ETF had a net outflow of 105 BTC and the Ethereum ETF had a net outflow of 3,422 ETH

3. It is expected that the Federal Reserve will only cut interest rates by 25 basis points this year

4. The Federal Reserve Fox News proposed to hold the Haggis-Trump election debate on the 24th or 27th.

Technically, the daily K-line KDJ of Bitcoin has formed a dead cross downward and the MACD horn has expanded downward.

The four-hour trend shows signs of stabilization, but it depends on whether the one-hour trend is strong or not. If it is strong, there is no problem