Everyone still remembers that the bitcoin price fell below 60,000 last month, and then the news came out that the number of US jobs was lower than expected, inflation was reduced, and it was expected that the interest rate would be cut once in September, and there would be two interest rate cuts this year. The bitcoin price immediately rose and went directly to 64,000, which caused a group of people to explode. Those who shorted 10 times from the bottom were basically exploded. Now the bitcoin price has reached 70,000 again!
Is this really about the employment data, is it really about the interest rate cut?
Those officials who have the power to release news have made a fortune. At this time, as long as he opens a lever, and then the news is released, the money is in hand, and those who shorted are harvested.
What about those who went long at 70,000 a while ago? Once the news came out, inflation was serious. If there is no interest rate cut this year, it may continue to rise, and then the long positions will be directly exploded. It can be seen that this market is still very fragile. A macro news can cause the market to rise or fall by 10%. It can cause the cottage to rise or fall by 30%.
Can the interest rate cut really make the bitcoin price rise? Can the halving make the bitcoin price rise?
In fact, these are just the beginning of a thing. It is just an explanation for those who do not know the truth. It is not the interest rate cut that makes bitcoin go up, but the interest rate cut is needed when bitcoin goes up. It is not the halving that makes bitcoin go up, but bitcoin only goes up when it is halved. Bitcoin did not fall below the 120-day moving average, not because that position is the support level and cannot fall further, but because smart money is unwilling to continue to give away chips. Many analysts on the market have made a lot of analysis based on this sinister positive line, such as Yang Bao Yin, Yin Bao Yang, cross star, double top is the top, and then it goes up to build the bottom. Those are all methodologies that cannot make money. There are not many people who really understand the method of making money and write down the logic and method like me in the whole network.
It is said above that bitcoin should be cut if it goes up. Some people must say that you are talking nonsense. Haha, listen to me slowly. Bitcoin has risen a lot, when people are obviously better than US Treasury bonds in financial management, and they can earn 5% in one day. There is no reason for those funds to be put in US Treasury bonds, which only earn 5.5% in a year. Funds are the smartest. Why did Bitcoin ETFs only pass this year? Because Bitcoin was too weak and not fun before, and Wall Street people couldn't play with it at all. They looked down on such a market. This year, CZ was taken down, and an exchange with 50% of the market share fell into the hands of Americans. This market is also controlled by them, and they can play with confidence.Why haven't they cut interest rates yet? Because the accumulated potential is not enough. Some assets in other worlds have not been harvested by the Americans. Only those small countries have been defeated and bankrupted.
When the US dollar starts to cut interest rates, they will buy these low-priced assets all over the world. The fundamental purpose is to serve the US dollar world. Then they will pull all these assets up. Bitcoin is definitely one of these assets. But the accumulated potential of Bitcoin is not enough now. This time, it has risen so much in advance, and so many people bought at the bottom. They are all smart money buying in advance. Why are these well-known people crazy about Bitcoin, including Wood Sister and MicroStrategy boss, who are the representatives of the big bulls, because they have positions. Why do Talab, JPMorgan Chase CEO Buffett Munger always diss Bitcoin, because some of them sold it and some have no positions. If Bitcoin breaks through 100,000 by then, then interest rate cuts will definitely come, and the tide of interest rate cuts will rush into Bitcoin, pushing Bitcoin to 200,000-300,000.
100,000 is a psychological barrier. The hardest asset on earth is worth 100,000 per coin. The money from the interest rate cut has nowhere to go. Seeing that Bitcoin is rising so much, it will definitely be attracted there. In addition to Bitcoin, is there another asset that can absorb the assets released by the interest rate cut? Bitcoin has just completed its historical mission, locking up the money that was originally intended to be released to the market, and completing its mission to fight against fiat currency inflation. If Bitcoin does not rise, but only the interest rate is cut, the money from the interest rate cut will not go to Bitcoin for no reason. It is because Bitcoin rises that the money from the interest rate cut is attracted. Why does Bitcoin have to rise? Because other things have been speculated. In the past ten years, it must be an era of speculation in virtual assets.
Especially this year and next year, it may be the first year of speculation in virtual assets. The representative of the new large asset that can be speculated is Bitcoin. It is also above the cycle. These smart people will not miss such an opportunity to make money. Will they still speculate in US stocks? Will they speculate in gold? Many people will not buy it. If the momentum is not there, it will be difficult to make a difference alone. Otherwise, why would they bother to do Bitcoin ETFs? It is just for the hype value of this day.I have said so much just to tell you. Don't look at the short-term price. If you buy it, don't look at it. If you don't understand, then stay away from the currency circle. Especially don't buy any pictures. Anyway, don't do any project that wants to cheat you of BTC. Next year, you will probably see BTC worth 200,000-300,000 US dollars.
If you can see this, I really give you a thumbs up.
In this impetuous society, there are not many people who can patiently read an article!
From the bottom of my heart, the most important thing for us in the currency circle is not to be impulsive. The capital is there, the opportunity is there. If the capital is gone, no matter how good the opportunity is, it will be useless💪.
I suggest that you think more before placing an order, and think twice before acting🌹!
