Some people say that the Fed's 50 basis point rate cut has made it clear that the short-term bitcoin market will continue to rush to around 65,000. Whether it can directly rush to 70,000 depends on the sentiment when it rushes to 65,000. If everyone thinks that now is the bottom and the bull market has started directly, it is still a little early and it will take time. Of course, it is not ruled out that there will be unpredictable black swan events. It is only a matter of time before a needle is inserted to truly start the bull market.
Haha, maybe everyone has a misunderstanding: as long as the Fed cuts interest rates, the market will immediately usher in a bull market. In fact, a rate cut is not directly equivalent to the arrival of a bull market. We still need more patience and observation.
Before and after the announcement of the interest rate decision on the 18th, the price of Bitcoin may fluctuate violently, and the specific extent will depend on the market sentiment and trading volume at the time.
Usually, price fluctuations driven by news and data are difficult to accurately predict. Before and after the interest rate decision, the price of Bitcoin may experience large fluctuations, but in the end the market will develop according to its own logic.
Therefore, it is a more prudent strategy to avoid high-risk contract transactions during this period, and holding spot may be a more stable strategy, whether the market is rising or falling.
