Powell's determination is strong, enthusiasm for bottom-fishing is surging, and the range is becoming more stable. Yesterday, the brothers had little movement; there was only so much space back and forth, relatively speaking, it was quite lackluster. It was also an attack in the early hours, which seems a bit unfair for those who can't stay up all night. Haha, to be honest, the educational chain still admires old Powell. No matter the wind or rain, he holds on firmly to the green mountains.
Those with clear eyes know that 'reliable' probably doesn't understand economics. It's like being sick; if you want to get better quickly, you just go for antibiotics. But antibiotics can cause significant harm to the body, so if you want to treat the root cause, you should use traditional Chinese medicine, which works slowly but has less harm. 'Reliable' wants the data to look good, while Powell wants sustainable and stable development. The educational chain has already mentioned in yesterday's video that there will definitely be no interest rate cuts. Anyone with common sense knows that if CPI data is too hot, you can't cut rates. So, the next thing to watch is September.
Back to the point, yesterday a needle was stuck around 115700 and then quickly retracted. Therefore, the support at the lower boundary of 116000 that we have repeatedly mentioned in videos and recently is still valid. The negative impact of not cutting rates hasn't hit much, and with the fear of those who haven't gotten on board, everyone continues to bottom-fish. The educational chain has said that there shouldn't be much consideration for a significant retracement recently; any retracement is an opportunity. Global M2 is still increasing, and the M stock market is still extending along the upward channel. Isn't a retracement an opportunity?
During the day, for Bitcoin, still refer to the large range of 120000-116000 to go high and low. For Ethereum, refer to 3900-2730.
Around 119500 can go high, watch 117500.
Around 3880-3900 can go high, watch 3740.
If the retracement does not break 117500, 3740 can go directly to #美联储利率决议 $BTC .