Now the market’s sentiment has turned—everything is shifting toward September rate hikes. From the previous 5% it’s been raised to 63%. Basically, it’s using this news to shake the market and keep it from moving forward. Tomorrow night, when the nonfarm payrolls come out, the market will switch again—like it’s the same old routine: it won’t be a hike. The data will be adjusted to more or less meet expectations. Now it’s also okay for the market to dip a bit, because it creates liquidity. The point is, before the midterm elections, they won’t raise rates. Wochs listens to Trump. It’s not the era of old Powell anymore— the Fed answers to the government. So if you understand, you understand. Now Trump is using every kind of tactic just to win the midterm elections!
Next, let’s look at the market. Bitcoin’s low came to $76,264, and Ethereum’s low was $2,355. Earlier, Old Shan already said that as long as Bitcoin doesn’t fall below the key support at $75,000, there’s still a chance to rebound. Next, the $80,000 level is the key resistance. If it breaks above $80,000 and holds, then there’s a chance to test the heavy resistance around $82,000. For Ethereum, as long as the $2,300 level hasn’t been broken, the resistance above remains at the $2,500 mark. Honestly, after the FX rate rally, Ethereum has been stronger than Bitcoin. Ethereum has broken to a new high within the past half year. Next, we’ll see whether Bitcoin can make a decisive push to break that half-year high. After it breaks, it will likely move higher. The market is currently trading the rate-hike expectations. Once the nonfarm payrolls come out, those expectations will basically be gone. The data will probably be good—just like that. So wait patiently, and keep waiting.#伊朗导弹无人机袭击科威特基地 #原油三日上涨后企稳 #CFTC请求驳回CME永续合约诉讼 #Solana跌逾3% #戴尔财报超预期股价涨8% $BTC
