A 50% interest rate cut didn't make the market soar, doesn't it mean that the market has begun to digest the funds?
There are only two types of interest rate cuts in the United States. One is to proactively cut interest rates to prevent future crises; the other is to be forced to cut interest rates when the economy is in a downturn. Obviously, this interest rate cut belongs to the second type, and the economy is in recession.
It is said that after the interest rate cut, capital should be given some time to react and wait for funds to flow into the crypto market. Can't those capitalists predict that the interest rate cut will happen and will not exit in advance?
Since this can't pull the market, then let it fall, short, rebound short!
I placed a short order at 65,100 last night, but I didn't expect it to go up. I went short at 63,000 and saw 59,900