Today, Bitcoin has completely reached 59,500. The probability of a short-term rebound is high. If it falls back, 52,000 is a good entry point. How will the market go next? Feilong believes that this market should still be volatile!
Of course, the market may continue to squat, but it is unlikely to fall below 50000. The CPI data the night before yesterday was positive, and the PPI data last night, regardless of whether it was long or short, would not have much impact on the market.
The FOMC meeting will be held in 5 days, and the final answer will be whether the interest rate will be cut by 25 basis points or 50 basis points.
There are many voices in the market now. Some people think that the market will fall after the interest rate cut, while others think that the market will rise after the interest rate cut. Both make sense.
But one thing is certain, in the long run, the market after the interest rate cut will definitely go up. If you are a short-term arbitrageur, Green cannot give you any advice, but Green is a long-term investor. Whether it is a decline before or after the interest rate cut, it is an opportunity for us to enter the market. To paraphrase the words of the national football team, there is not much time left for the Chinese team.
Similarly, there is not much time left for cryptocurrency investors to buy at the bottom. It is almost certain that 49,000-52,000 is the bottom range, and the upward channel is likely to open in October.
We hope that the surge in the market will soothe our broken hearts over the past few months. #BTC