"Federal Reserve's Mouthpiece": The threshold for rate cuts has changed, but the July CPI is still not enough to prevent a rate cut in September. Not enough to prevent, so there is a probability, right?
Pay attention to the support near the daily EMA 52 line below Around 113xxx If it breaks, be aware of the risks Whether it breaks or not depends on the closing line
If the daily EMA 52 line breaks Pay attention to the 3-day EMA 52 line below Around 1052xx Let's see if it can hold up...
(This is a personal整理 and is for reference only, not an investment advice)
Fibonacci Retracement Lines (Fibonacci Retracement) are often given the meaning of 'magical support/resistance' in technical analysis, such as the common values of 0.618 and 0.382.
But it is not predictive magic; it helps you understand the probability of the market 'looking back' after significant fluctuations.
This wave of movement in the chart shows:
1. A complete upward movement from the low point of the decline to the high point of the rebound; 2. During the pullback, the price fluctuates around 0.618, gathering momentum for a new upward attack.
Why can 0.618 'stop'? Because it is not a precise price but rather a position where the emotions of the majority of traders become loose:
Those who chased the price up earlier are just losing enough here, should they cut their losses? Those looking to reverse see that it has dropped enough here; should they take a gamble?
All retracement points are essentially 'psychological anchors' where participants reassess their positions and expectations. (Information is for reference only and should not be used as investment basis)
In the second half of the year, the probability of interest rate cuts is still quite high, just like doing business, the peak season has arrived 😄 #降息预期
Arrived near 1119, after the rebound, pay attention to whether there will be a lack of upward momentum. Focus on the support around 1078 below, and see if it can hold the rebound...
络唯
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BTC should still pay attention to the pullback risk #btc Broke 1160, lower levels 1143 1119 1078 Larger support