Analysis on 9.19; #BTC☀️

At 2 a.m., the Federal Reserve cut interest rates by 50 basis points beyond expectations, and the U.S. stock market rebounded rapidly, while Bitcoin only rose slightly.

After Bao's dovish speech, Bitcoin even experienced a wave of declines, and did not rebound until after 4 a.m., clearing the short position of 61,800.

From the hourly level, the Bollinger Bands have broken through the upper track, reaching 62,589 this morning, and then the small-level decline hovered around 62,000. In the short term, 62,000 is a critical position. Only by standing firm can it continue to move upward, so it is not recommended to chase more in the short term.