The minutes of the Fed meeting released on Wednesday showed that most officials believed that the risks to the labor market had increased, and that progress had been made in approaching the inflation target. Decision-makers are strongly inclined to cut interest rates in September, with some even suggesting a cut in July. Expectations for a rate cut are clear, and the three major US stock indexes collectively rose on Wednesday. The Dow rose by 55.52 points, or 0.14%; the Nasdaq rose by 102.05 points, or 0.57%; and the S&P icon rose by 23.73 points, or 0.42%. The overall Crypto Assets stabilized and rebounded, with zone rotation apparent, and the market volatility narrowed, with a slight increase in Trading Volume. Bitcoin broke through $61,000 after repeated fluctuations, and the encryption market saw the first signs of sunshine.

BTC's trading hours yesterday relied on the 58500 support for a small range of shocks and consolidations. The overnight surge of a big bullish candlestick brought the price back above 61000. However, the resistance at the previous high point of 62000 is not easy to break through, so it is inevitable to be under pressure. Currently, the trend is still washing up and down, but the overall range has shifted upward. From the perspective of the daily candlestick, the coin price is likely to finally stand above the middle rail and may end up with a small bullish candlestick. The rebound high point may continue to be refreshed. In the 4-hour chart, BTC has been drawing support and resistance lines continuously. Based on the current trend, today's focus is on whether it can stabilize around the 60000 level. Intraday, it is better to first observe the pullback and follow the 60000 support before making a layout.
After the ETH Ethereum price fell to the 2534 level, the price rebounded. The overnight high touched near 2663. In the short term, the four-hour period has already stabilized at the lower Bollinger Band of 2550, and the momentum of Accumulation at the bottom has been sufficiently stretched from the Order Book. The midline of 2615 has been broken, the KDJ golden cross is forming, and if 2640 stabilizes again, the MACD will form a volume increase in fundraising, and the DIF and DEA golden cross will form, short-term follow the situation of breaking through 2680!