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💥Gold experiences a sudden major move! For the first time since October 2023, it has fallen below the 200-day moving average, dropping to $4,300 per ounce, a decline of over 20% from the January high of $5,600, officially entering a technical bear market.
📉The driving force behind this: U.S. employment data exceeded expectations, market expectations for the Federal Reserve to tighten increased, and the U.S. dollar index (DXY) rebounded above 100.
📌CME FedWatch shows the probability of a 25 basis point rate hike in December to 3.75%-4.00% is rising. #比特币回升5%