Wednesday Morning

Beware of extreme movements driven by interest rate cut speculation

Also, please pay attention to the antics of the Bank of Japan

The Federal Reserve is deeply intertwined with global finance (excluding the A-shares)

Since the last interest rate cut stimulated economic vitality, the overall economic momentum remains strong and continues to rise

Generally speaking, it is unlikely to be as excessive as the last round of quantitative easing to stimulate

Looking back at the market, the cryptocurrency price continues to form high-intensity consolidation

However, both trading volume and total positions have shown an overall decrease

During the day, it will mainly fluctuate with swings of several thousand points

The trend line still looks bullish, and the market is likely to quickly rise to 110,000 as it digests interest rate news

In the short term, it is recommended to enter long positions in the range of 105,000-105,500, targeting the area of 107,500-108,000