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Sudden black swan‼ ️Bitcoin plummeted and U.S. stocks also collapsed⚠️Everyone should know the main reason. Since the U.S. economy’s employment rate has been better than expected, the Fed’s expectations for interest rate cuts have been decreasing⚠️⚠️The U.S. 10-year Treasury bond yield has been lower since November last year It hit 4.4% for the first time since the end of the month.
Bitcoin is highly sensitive to changes in U.S. Treasury yields and expectations of future Federal Reserve policy movements. Therefore, if the Fed cuts interest rates, it could have an impact on Bitcoin prices.
The previous one is analysis at the macroeconomic level. Many people have insufficient understanding of the macroeconomic policy level. After all, there are professional analysts and researchers in Bu Xiang Wu Ge's team. Then Brother Wu will bring up the technical aspects and talk to everyone‼ ️
On the 27th, Brother Wu said that the BTC yellow line near 68500 is an important support and pressure level. Previously, the long-term sideways short sellers have been trying to fall below 68500, allowing the bulls who opened positions at 71000 to liquidate their positions⚠️⚠️Now it’s better, and it’s not going down. It broke 68,000, and 65,000 also fell below. The bulls have liquidated their positions for more than 500 million U.S. dollars again. The long-term cycle has formed a top divergence. This time the decline may be longer and deeper.
‼ ️‼ ️‼ ️But it won’t fall all at once, there will be pulling and rebounding in the middle. Once it rebounds to around 68,500, the strategy is still to open a short order.
It takes time to post. Once the market situation comes, it will be too late to remind everyone. More projects will be followed up and more market situations will be implemented. I put it on the official account of Analyst Wu Ge⚠️⚠️
#BTC $BTC
Bitcoin is highly sensitive to changes in U.S. Treasury yields and expectations of future Federal Reserve policy movements. Therefore, if the Fed cuts interest rates, it could have an impact on Bitcoin prices.
The previous one is analysis at the macroeconomic level. Many people have insufficient understanding of the macroeconomic policy level. After all, there are professional analysts and researchers in Bu Xiang Wu Ge's team. Then Brother Wu will bring up the technical aspects and talk to everyone‼ ️
On the 27th, Brother Wu said that the BTC yellow line near 68500 is an important support and pressure level. Previously, the long-term sideways short sellers have been trying to fall below 68500, allowing the bulls who opened positions at 71000 to liquidate their positions⚠️⚠️Now it’s better, and it’s not going down. It broke 68,000, and 65,000 also fell below. The bulls have liquidated their positions for more than 500 million U.S. dollars again. The long-term cycle has formed a top divergence. This time the decline may be longer and deeper.
‼ ️‼ ️‼ ️But it won’t fall all at once, there will be pulling and rebounding in the middle. Once it rebounds to around 68,500, the strategy is still to open a short order.
It takes time to post. Once the market situation comes, it will be too late to remind everyone. More projects will be followed up and more market situations will be implemented. I put it on the official account of Analyst Wu Ge⚠️⚠️
#BTC $BTC
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BTC
84,207.59
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