Bitunix analyst: interest rate cuts have not clarified the interest rate path, volatility has intensified; BTC clearing area may trigger amplification of the market

According to BlockBeats, on September 18, the Federal Reserve announced a 25 basis point interest rate cut, and Powell also reminded the upward risk of inflation and employment pressure. The market expects different rates of interest rate cuts in the future. Investors refocus on the data dependence model and pay attention to the initial unemployment benefits in the short term. The uncertain interest rate path caused US stocks to fluctuate and diverge, and the treasury bond yield rose simultaneously with the US dollar. Market sentiment is in contradiction: the decline in borrowing costs is more beneficial to risky assets, but the weak labor market and the hidden concerns in inflation suppress risk appetite. In the crypto market, the spot price of BTC is located at about $117,300, and short-term support falls near $115,500 and $113,800; the above liquidation dense zone is concentrated in the range of $118,800–119,000, and if it breaks through, it may trigger short squeeze to push the test of $120,700. If the bottom falls below $112,000, the liquidation chain reaction may expand the decline. Bitunix analysts suggest that the Fed's policy has turned pigeons but lacks clear guidance, which has led to an increase in market volatility. For the crypto market, the data release will be a critical time for leverage clearing to amplify. In the short term, you need to be alert to the vulnerable areas around the $112,000 below, and also pay attention to whether the $119,000 above can turn into a trend acceleration.