What falls is an opportunity. The overall bullish trend of the market has not changed, at least not at the moment.
Afternoon thoughts, let's review yesterday's market trend. Yesterday morning, the big cake hit a high of 98266 and then fell back to 94826. After the US stock market opened, it rose to 97435 and slowly fell to 94400 in the early morning. Today's highest rise was 96375. At present, the market is fluctuating around 95500.
The process of trend is always tortuous. If there is an increase, there will be a decrease. But it is enough for us to grasp the main trend of the market.
And the current market, as I said yesterday, the turning point of long and short positions that determines the medium and long-term trend is here at 93000. Above this area, the overall bullish trend remains unchanged.
The impact of the Fed's monetary policy cannot be ignored. Fed Governor Waller said that he tends to cut interest rates at the December meeting unless the data is unexpected. He pointed out that the current policy interest rate is already restrictive and the possibility of a rate cut is increasing. The market reacted positively to this, and the FedWatch tool showed that the probability of a 25 basis point rate cut has risen to 75%.
BTC operation suggestion: long around 94800, add long positions at 94300, defend 93800, target 98800#微策略持续增持BTC #BTC $BTC $ETH