原文标题：Bitcoin has 'familiar bullish smell' as BTC price hits $66K — Analyst
原文来源：cointelegraph
编译：火星财经，Daisy
As China's stock market experienced its best week in sixteen years, BTC price activity has market watchers excited. Boosted by China's economic stimulus, Bitcoin hit a two-month high and returned above $66,000.
BTC/USD 1-hour chart. Source: TradingView
Bitcoin followed the Chinese stock market in surging on stimulus measures
Data from Cointelegraph Markets Pro and TradingView tracked a new high for the BTC price on Bitstamp, reaching $66,194.
BTC/USD has risen 3% so far this week and has been additionally impacted by China's monetary policy. A series of stimulus measures rolled out by China gave the Shanghai Composite Index its best weekly performance since 2008.
In response to X, trading resource Kobeissi Letter wrote: "The feeling is very familiar. ”
The S&P 500 has hit record highs since the Fed announced its policy easing of 50 basis points of interest rate cuts on September 18.
The key United States macro data released on the same day, the personal consumption expenditures (PCE) index for August, was largely in line with expectations.
"The Fed's next meeting will be held in November, and the market is hoping for another 50 basis point rate cut," Kobeissi continued to talk about.
While Corbesi believes that "there is no need for a 50 basis point rate cut in September and no further rate cuts in the future", CME Group's Fed Watch data shows market demand.
Probability of the Fed's target rate. Source: CME Group
Popular Bitcoin and crypto trader Skew described the PCE results as "pretty good" for market performance.
He told X's followers: "Keep an eye on yields and the dollar at the end of the week. ”
BTC price support remains at $65,000
At the same time, Bitcoin itself continues to hold key support levels after retreating slightly from two-month highs. In another post about trading activity on Binance, the world's largest exchange, Skew noted: "Prices are once again colliding with selling liquidity, with some passive selling prices around $658,000. He added that buying liquidity is shifting from below to $63,000.
The post continued: "So, I noticed the other day that if the market remains strong and the momentum exceeds $65,000, the depth of the ask price in the spot order book could turn into the depth of the bid price. ”
"We can see that this is happening, with takers starting to absorb selling liquidity from $65,000 and more passive buyers flowing into the market."
Filbfilb, co-founder of trading suite DecenTrader, revealed that the ratio of BTC long to short positions is "very low", which could be an additional sign of bullish price action going forward.
The attached image shows that a similar situation occurred before the price of BTC rose.
After discussing various other promising indicator data, he concluded: "I think Bitcoin has a particularly familiar bullish vibe. ”
"At the moment, technically, we lack a higher high point to have an impact on these requirements, let's see if FOMO will work."
BTC long/short ratio. Source: Filbfilb/X