Master Chat Hotspot:

US Treasury Secretary Yellen stated that the Federal Reserve may further cut interest rates. There are two main reasons for her speech: first, the US economic situation is still good, and the possibility of a recession is decreasing.

Second, although the labor market appears stable, it is still relatively fragile. Therefore, the Federal Reserve needs to continue cutting interest rates to prevent economic problems, and these messages have conveyed positive signals to the outside world.

After the Federal Reserve's significant 50 basis point rate cut in September, it plans to continue gradually lowering interest rates. According to CME's "FedWatch," the probability of a 25 basis point rate cut by the Federal Reserve by November is 40.8%, and the probability of a 50 basis point rate cut is 59.2%.

In addition, the net inflow of Bitcoin spot ETF reached $366 million yesterday, maintaining a net inflow status for 6 consecutive days. Currently, the US Bitcoin holdings have reached 83% of Satoshi Nakamoto's holdings.

Bloomberg analyst Eric Balchunas pointed out that the inflow of funds into US Bitcoin ETFs from the beginning of the year to the present has reached $17.8 billion, setting a new record. The holdings of US Bitcoin ETFs have already achieved 92% of the goal of owning 1 million bitcoins.

The recent interest rate cuts by the Federal Reserve have also triggered a strong rebound in the cryptocurrency market, improving market sentiment. The confidence of most investors in the market has increased, so we can expect Bitcoin's performance in the fourth quarter.

Master's Trend Analysis:

Due to the elimination of concerns about a US economic recession, the released economic indicators have stimulated a preference for risk assets.

US economic indicators have shown positive performance, confirming the relative health of the US economy, thus the market has turned into a bullish trend.

Currently, the market is in an overheated state, and attention should be paid to the risk of a pullback, so it is necessary to focus on the stage resistance of the previous high point selling pressure and make appropriate responses.

Resistance Reference:

First Resistance: 65800

Second Resistance: 66400

If the coin price fails to break through the first resistance and undergoes a correction, if it can maintain the short-term support at 65000, we can expect the coin price to be tested again.

As the market is currently in an overheated state, the probability of a significant pullback is high, and a short-term adjustment can be expected at the high level. If the coin price does not fall, it should be considered an adjustment, thus seeking opportunities for short-term entry.

Support Reference:

First Support: 65000

Second Support: 64300

If the coin price can maintain the first support in the short term, the bullish view can be maintained, but attention should be paid to the upper boundary of the rising channel and the psychological support at 65000.

If it falls near the first support, the market will return to the rising channel again, and there may be a delay in the rebound time after a brief consolidation.

In today's trading, due to the overheated state of the market, attention should be paid to the risk of a pullback and maintain a bullish view.

As there are still index releases today, there may be volatility in the evening. If the index performs well, then Bitcoin may make new highs again.

9.27 Master's Short-term Pre-set Orders:

Long Entry Reference: 63800-64300 range, gradually enter long positions, defend 500 points, target 65000-65800

Short Entry Reference: 65900-66400 range, gradually enter short positions, defend 500 points, target 65000-64300

This article is exclusively planned and published by Master Chen (WeChat public account: Coin God Master Chen). If you need to learn more about real-time investment strategies, how to get out of trouble, spot contract trading techniques, operational skills, and candlestick knowledge, you can add Master Chen for learning and communication. I hope to help you find what you want in the currency circle. Focusing on BTC, ETH, and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily updates on macro analysis articles across the web, technical analysis of mainstream coins and altcoins, and spot mid-to-long-term replay price forecasts.

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