$BTC fell back to support at midnight on the 17th and then quickly rose after 9pm. This rise can be considered that the current market interest rate cut of 25% is already a done deal, and 64% of people on the forecast chart believe that the interest rate will be cut by 50% at 2am on the 19th
No matter how much the interest rate cut is, it has been scheduled. The future market will focus on interest rate cuts. Lowering interest rates will provide more liquidity for the US dollar, and the future bull market will come soon
Today's price has reached a point where long and short competition is fierce. Both short and long have their own reasons, and it also involves the first interest rate cut policy of the year. I personally think that the market will fluctuate greatly. For the interest rate hike on the 19th, long and short positions have been increased. Within 7 days, $BTC 61800 has 469 million short liquidations, and 59300 has 347 million long liquidations
Under extreme market conditions I suggest you lower your leverage or not use leverage. I know it is exciting to bet on the news, and it is also exciting to do the opposite. Whether you go up first to short or go down to long, it will be miserable.
