From the news perspective, this is the worst situation now. That is, the interest rate cut is no longer expected. Traders expect the Fed to cut interest rates for the first time in September in 2025. In other words, the bad news has been exhausted, and as long as there is no big bad news in CPI next Wednesday, If the CPI is lower than expected, the market will reverse and rebound in retaliation. From the market perspective, many coins have fallen to the key support level of the daily line level. From a technical perspective, it is completely possible to buy the bottom. Yesterday's non-agricultural data was very bad, and Bitcoin is still above 9.4. This shows that the bottom-fishing power is very strong at the position around 92,000. So what are you most afraid of now? One is that the expectation of interest rate cut is almost zero now. Next week, the US stock market and the global stock market will be stormy and volatile. It is possible that global risk assets will pull back. Now I am afraid that the currency circle will be brought down by the US stock market, and Bitcoin will fall to this position. Relatively speaking, at this position, it is definitely much harder than the US stock market. The only thing I am afraid of is another needle. If the US stock market opens very badly, the currency circle may also be led down, and then a needle will be pulled back. The rest is to wait for the hype of Trump's upcoming inauguration. Wait for Trump to come out to rescue the market. After all, Trump loves to release water. In the next few days, it is very likely to change, and the probability of reversal is very high. Because the negative news has been exhausted, the bottom-fishing power near 90,000 is strong enough. In other words, the next few days are the best time to bottom-fish. Wait for the opening of the US stock market on Monday, and after avoiding this limelight, bottom-fish in batches!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.