Last night, the US producer price index (PPI) data for September was released, and the annual growth rate fell to 1.8%. Although it is still higher than the 1.6% forecast, the downward trend has caused the market to expect it to continue to decline in the consumer price index (CPI), thus increasing the bet that the Federal Reserve will continue to cut interest rates.

As the Federal Reserve stepped back and irreversibly embarked on the path of cutting interest rates, and Big A's blood-sucking market came to an end for the time being, the time for BTC to launch a crypto bull market was getting closer.

Flatbread rose as scheduled, breaking through 63,000. In yesterday's analysis, we said that the short-term market is rising. Closing needles at the daily level will rise in 12 hours. Otherwise, flatbread slowly rises around 60,000. At night, it goes into bulldozer mode, and continues for 12 hoursSunlineIt later broke through $63,000 at 3 a.m., and then there was a slight correction.

Today's market analysis. Looking at the K-line, the BTC one-hour level is a downward trend, and the 4-hour, 12-hour, and daily levels are all upward. If there is no market on the weekend, it is likely to trade sideways around 60,500, within the daypressure level64000,Support level61000

Bitcoin is consolidating and the market is fluctuating. Why don't you send me a huge surge?

In this halving cycle, although Bitcoin surged to its previous high in March, 3 quarters have passed since 2024. BTC has neither reached the top of the bull market ahead of schedule nor collapsed. The sideways arrangement is as stable as Mount Taishan. It is better than before without panic. BTC has experienced a healthy period of consolidation. Although this was a grueling test for many newcomers entering the market at a high level in March, it is clear that BTC has been in the 60-70k range for far longer than the 50-60k range. This is the result of many frightening sell-offs and negative tests. This shows BTC's solid fundamentals at this stage and lays a solid foundation for the next phase of an upward breakthrough. Once the market breaks through 0.08 million dollars, the probability of seeing 0.06 million dollars again is very small.

Can't choose coins? At 8 a.m., pull up yesterday's top 10 ups and downs and take a look at the data, and you'll understand; Xiaobai would do it if he had a hand!

I said it all yesterday; if you listen to advice, you can always win! Also, it is important to understand that a large number of “difficult to lift” altcoins have also appeared in the form of rising stars, including but not limited to AVAX, SEI, OP, FET, ORDI, DYM, etc. This means that a full market rise is imminent, and now is probably the last chance to get on the bus.