Recently, Powell said that the Fed is not in a hurry to cut interest rates. The market fell rapidly. If you take it seriously, then you are confused. The Fed will never cut interest rates once and then stop.
The trading volume dropped sharply on Saturday and Sunday. Think about why. Who is buying?
For example, the Fed will not cut interest rates to make you guess wrong. I don’t think it will do such a thing that will obviously put you at a disadvantage.
The logic is very simple. If it doesn’t cut interest rates in November, it will have to cut interest rates in December. If it doesn’t cut interest rates in December, it will have to cut interest rates in January. I just have to wait a little longer. It doesn’t matter if I buy it, because if you start to cut interest rates, you will definitely cut interest rates later.
My point of view is that it will fall quickly and then maintain. It will increase or decrease according to the situation later.
Because those people will not give you the opportunity to buy low-priced assets for nothing.
And the current price of BTC is only 61.2k. It has reached 73K when the interest rate was raised.
Why is this?
Hold on to BTC. If it doesn’t rise this month or next month, it will rise one month.
Making money is all about patience.
In this market, whether you are a novice or a veteran, following Beichen will not only bring you financial gains, but also growth in investment knowledge and experience. If you don't want to pay for this market and want to learn more about this industry, please follow Beichen.
