Stay steady and don’t change your position. The market sectors are shifting. After the Fed cut interest rates, money quickly flowed into domestic real estate and stocks, causing them to rise sharply. In the last two days, any A-share sector could have earned you 10 points. Soon, older folks in the village will start looking at their stock accounts and buying stocks.
Now, we need to increase our investments in the crypto market, which has been quiet lately. If prices drop by 5%, buy more; if they drop by 10%, buy even more. Open a contract and manage your liquidation price. Some of the funds from the Fed's interest rate cut will flow into crypto, which could drive Bitcoin's price up to $100,000 or even $150,000.
Once Bitcoin reaches those prices and stabilizes, where will the profits go? People often sell from C2C because of greed. Most altcoins are at historic lows and have just shown signs of a potential uptrend. A small amount of money from Bitcoin profits could boost altcoins significantly.
The cryptocurrency market might be gearing up for a big rally by the end of this year.
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