#Bitcoin briefly on the order book: in the short term, 84,600 has resistance; 84,000 is too weak for support. First, see whether it can hold above 84,000, then see whether it can break through the resistance.
After a breakout, you can continue to look for more upside room in the rebound. If the resistance cannot be broken, it means there isn’t enough momentum!
At the moment, #BTC can only rely on the US stock market to drive it or on an improvement in the macro environment—especially the latter. If the US-Iran enters formal negotiations, the strait opens up, crude oil prices fall further, long-term Treasury yields decline, and the probability of a rate hike in October drops below 60%, then overall things would be considered improved!
Therefore, on Wednesday evening before 20:30, the key is to watch whether the US-Iran situation can push Brnet below 95 dollars. If it doesn’t break below 95, then be careful about tomorrow night’s PCE! #BitMine以太坊持仓突破600万枚
After a breakout, you can continue to look for more upside room in the rebound. If the resistance cannot be broken, it means there isn’t enough momentum!
At the moment, #BTC can only rely on the US stock market to drive it or on an improvement in the macro environment—especially the latter. If the US-Iran enters formal negotiations, the strait opens up, crude oil prices fall further, long-term Treasury yields decline, and the probability of a rate hike in October drops below 60%, then overall things would be considered improved!
Therefore, on Wednesday evening before 20:30, the key is to watch whether the US-Iran situation can push Brnet below 95 dollars. If it doesn’t break below 95, then be careful about tomorrow night’s PCE! #BitMine以太坊持仓突破600万枚
