Binance Futures short position cleared, BTC price exceeds $87000

Click on the link to enter the meeting: https://meeting.tencent.com/p/6445321978 Hello everyone, I am Niu from Peak Academy. Today, I will analyze the current market situation for you. Recently, the Federal Reserve's interest rate cut and Japan's interest rate hike have just landed, and the market situation is mainly volatile. The short-term market situation of Bitcoin and Ethereum is not clear. We need to focus on whether the important resistance level of 90600 points above Bitcoin has been broken. If it breaks through, we can buy long appropriately and make a short-term long order. If it cannot break through 90600 points, we can short around 90000 points appropriately, and then see if it will rebound to around 86500 US dollars. If it reaches our short position, we can also be eliminated. Which viewpoint does Niu Ge lean towards? In the short term, Niu Ge believes that the cryptocurrency market will still be dominated by wide fluctuations, while in the long term, Niu Ge believes that the cryptocurrency market will continue its bearish trend! Why do you say that? This requires special attention to the issue of exchange rates. Here, we mainly look at the direction of the US dollar index. The Federal Reserve's interest rate cut cycle is not yet over, and there is still a lot of room for interest rate cuts in the future. Many people believe that during the interest rate cut cycle, the cryptocurrency market will soar again. Niu Ge believes that this may be true in the short term. For example, in the early stages of the interest rate cut cycle, Bitcoin quickly rose to a high of $126000 after the first pullback to around $75000. However, in the long run, it is a big bearish trend for the cryptocurrency market. If the US dollar continues to weaken, it means that assets denominated in US dollars will also depreciate rapidly. The cryptocurrency market is an asset highly correlated with US dollar assets and has extremely high speculative properties. During the period of US dollar weakness, investors often take risks. Emotionally high, selling assets denominated in US dollars, It is a very normal phenomenon to exchange for commodities with high risk aversion attributes, which is also the reason for the recent surge in commodities led by gold and silver, as well as the continuous decline and correction of the cryptocurrency market. The next interest rate cut will definitely be after 2026, and there are still many uncertain factors in the middle. For specific short-term market trends, you can follow Niu Ge's Weibo or join our Peak Community fan exchange group to contact Niu Ge. QQ Fan Experience Forbidden Group: 319800553 Weibo search: Niu Ge is sprinting (there is a communication group on the homepage) Weibo search: Bitzongcai (there is a communication group on the homepage) Tencent Meeting ID: 644-532-1978 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

After the price of Bitcoin rebounded to $90000, the open interest of perpetual contracts increased from 304000 BTC to 310000 BTC, an increase of about 2%, and the funding rate increased from 0.04% to 0.09%. Perpetual traders are increasing their leveraged long positions to prepare for potential year-end market trends. （glassnode）

[Japanese Finance Minister Says Decisive Action Can Be Taken on Yen] Japanese Finance Minister Katsuyuki Katayama stated that he has been 'fully authorized' to take decisive action on the yen in accordance with the U.S.-Japan joint agreement and is always prepared to act.

[Spot Gold Gains Expand to 2%] Spot gold gains expand to 2%, currently quoted at $4426.195 per ounce.

[Strategy Reserve Fund Increased to $2.19 Billion] Strategy founder and executive chairman Michael Saylor announced that Strategy has expanded its USD Reserve fund to $2.19 billion and currently holds 671,268 Bitcoins.