Mt.#oxhas announced that the compensation period expiration date will be postponed by one year to October 31, 2025. This news may be a relief for the cryptocurrency market, and there may be a strong rally in the market tonight! Important speeches are expected from the heads of the three US banks, and the US Department of Labor is scheduled to announce the Consumer Price Index (CPI) for September on October 10 at 8:30 PM Beijing time. The market generally expects US inflation to increase in September by 2.3% year-on-year, which is lower than the 2.5% annual increase in August, and at the same time, the lowest annual increase rate since the beginning of 2021. The monthly increase is expected to be 0.1%, which is lower than the previous monthly increase of 0.2%. Following the announcement of the minutes of the US Federal Reserve (FOMC) meeting yesterday, the interest rate was cut by 50 basis points, and some attendees expect a 25 basis point rate cut at the September meeting. According to CME Fed Watch data, the probability of a 25 basis point rate cut in November is 79.5%, and the probability of no change in the current rate in the range of 4.75%-5.00% has increased to 20.5%.
💎
💎
BTC was slightly liquidated yesterday without much volatility, and reached the important support at 60,000 points; when reaching 60,000 points, it is supposed to be broken, and the strength of the rebound from long positions should be monitored, so far the decline has not been stopped at the 4-hour level, in case the support is broken below, the support area around 58,500 should be considered, there will be no major price decline temporarily, and a slight rebound is likely, one should watch whether the area around 60,000 level holds, if it holds, it means that the volatility range that occurred yesterday will continue, and on the small resistance at 61,500, and if it does not hold, look at the nearby support at 58,500; it is better to follow the downtrend for a short period, and consider buying when approaching the support area.
