TechFlow news, September 11: Adam, macro researcher at Greeks.live, released an English community bulletin stating that the community is showing dominant bullish sentiment, driven by lower-than-expected PPI data (-0.1% vs. expected +0.3%), increasing the likelihood of rate cuts. Traders are positioning for upward movement, with the CEO of Goldman Sachs expecting a 25-basis-point rate cut and potentially one or two additional cuts.
In addition, Chinese community members generally hold positive views on Bitcoin's performance, believing yesterday's strength was notable and the strongest seen in a long time. However, opinions on Ethereum are clearly divided, with some traders arguing that ETH is beyond recovery, just like Bitcoin a month ago when it struggled to rise. Traders are closely watching 110,000 as a key support level for Bitcoin and 4,300 as a critical liquidation level for Ethereum.
