BTC breaks through 6500, what's next


After BTC broke through $70,000 on July 29th, it started a downward trend. On August 5th, it rebounded from $49,000 to $65,000 before continuing to fall. After forming a double bottom structure near $53,000 on September 6th, the Fed announced a rate cut on September 19th and BTC pumped accordingly. During the U.S. stock market session on September 26th, with the strong pump of the U.S. stock index, BTC has broken through the previous high of $65,000, disrupting the structure of lower lows and higher highs.

Is this a real breakdown of the bearish structure or a fakeout of the previous high? How to understand it technically? Combined with the Depth and liquidation map of contract/Spot order book, how to judge the future market? Can the macro environment support the second half of the Bull Market? How will the market price the interest rate cut in the future? Trading bloggers have their own opinions.
BTC3.42%
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