Bitcoin, a brief discussion on next week’s trends

Will the Federal Reserve's interest rate cut support Bitcoin's continued rise? Will it be more of an opportunity or a risk in the future?

Previously, I had been looking forward to the Fed's interest rate cut for more than ten months, repeatedly anticipated and speculated on the timing of the Fed's interest rate cut, and then bet on the extent of the Fed's interest rate cut in July. During this process, Bitcoin repeatedly shot up, but it has never been able to break through to a new high again.

Last Thursday, at 2 a.m. on September 19, the Federal Reserve finally fulfilled its expectations and began to initiate monetary easing policy, and the rate cut was "full marks", 50 basis points. This move also indirectly illustrates that the Federal Reserve is very effective in soft landing the U.S. economy. Confidence, coupled with the implementation of the interest rate cut, Powell showed in his public speech that he was not worried that excessive interest rate cuts would stimulate the U.S. economic recession.

Before the 19th, I was still a little worried about whether the profits would be negative after all the profits were exhausted, but now I am seeing a breakthrough in the rise of Bitcoin, and Ethereum is gradually becoming stronger. The daily rising trend has been rising for five consecutive days, and I have begun to test it. Suppressing the MA60 moving average, judging from the current trend, is there still potential for an upward breakthrough?

Now let me talk about two points of my opinion

First, suppose we determine that the trend of Bitcoin has not changed and is still rising, but whether this process is a spiral or a straight rise is not important. What is important is the identification of the trend. As long as you agree with the trend, any position will be lows

Second, to reduce the psychological implication of losing money, you are worried that if you buy at a high price and the price is not as good as others, will it fall after buying? This is a manifestation of fear of loss and aversion to loss. This is not a personal behavior, it is human nature. Whoever can overcome it is in the minority.

In other words, as long as there is enough recognition of the trend, the trophy will always fall to the participants instead of sitting in the audience. Participation is the beginning of all results. Of course, if you choose to participate, you need to face the fluctuation of the market.

At present, the price is still fluctuating and adjusting, and the operation is relatively simple. Once you have identified the trend, just follow the bullish trend, and then do Dou when you are close to the support area. Don’t be blind when doing Dou, and avoid chasing long, as arbitrage will indeed have a great impact. Maintain a cabin mentality! $BTC $ETH $BNB #DODO助力Meme发行 #币安上线CATI #BNBChain与Telegram集成 #加密市场反弹