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7.3 Night Market Data Analysis
The market is waiting for a recession, but what arrived was a strong economy.
However, an exceptionally strong economy will reduce expectations for interest rate cuts, and this month is the decision for the Federal Reserve to cut interest rates. Therefore, the market interprets this as bearish, at least in the crypto space.
The big coin rebounded to 110400 and then fell back, clearly facing pressure above.
Currently still focused on the support level of 108600, if it breaks down, it will continue to decline.
Pay attention to how the daily line closes tomorrow.