The gears of fate are always turning. No one doesn't want to get rich, but no one wants to get rich slowly. The easiest way to be happy is to lower your expectations of life and make yourself a little smarter every day. Masters have two major abilities: one is the ability to reflect, and the other is the ability to be instinctive. Low-level desires rely on indulgence, while high-level desires rely on self-discipline.
After the Fed's report in mid-June, Bitcoin fluctuated from 31K to around 29K, a span of two months. In history, there have been such oscillation cycles, which basically ended within 3 months. This round of oscillation cycle may be coming to an end.
I have always predicted that this year will be a year of recovery, because inflation cannot remain high, and interest rate hikes cannot continue. After a series of combined measures by the US, the CPI has now reached 0.2%, which is completely under control. The official plan for the second half of the year is to stop raising interest rates first, and then gradually reduce them later.
But from June till now, there has been no interest rate cut, and there has even been one interest rate hike, although not much, but the impact is still there. So even if the big pie is strong, it will bow its head.
If there is one rate cut before the end of the year, and the magnitude is reasonable, the market will rebound well. Let's wait and see. The next interest rate report will be on September 21.
The current shock is coming to an end. Before the next Fed meeting, there will be a strong unilateral move. Friends who do contracts should pay attention to controlling risks. I don't know when the break will happen, so I can only keep an eye on it every day. It may happen anytime and anywhere.
The direction is biased towards short. Although the desire for Bitcoin to rise recently seems very strong, it is actually a bit strong on the outside but weak on the inside. There may be smoke bombs before the decline, rebounding to 30,000, but if it does not stand firmly at 30,000 and cannot break 31,000, it is a big short.
Strategically, the rebound of the short-term in the past two days is fierce. Go long first when the market falls back. Go long near 29200. You can take a few hundred points of profit. If it breaks 29000, you will lose money. Go short near 29800. If it breaks 30000, you will lose money. Before the big market comes, you can only make do with the short-term.
I am a cryptocurrency enthusiast and also a professional cryptocurrency broker. I like to share my trading experience and market analysis!
My sword will only be passed on to those who can wield it, and my strategy will only be effective for those who agree with it. Everyone has their own opinions, and everyone's position needs to be tested by the market. We are not competing with those who hold left-wing opinions, but making corrections in the direction of the market.