<Bitcoin Chives Hand 2024.12.19 >
Hello, fellow chives. The FED's interest rate decision has lowered the rate by 0.25 as the market expected, but the post-meeting discussion indicated that the number of rate cuts next year will be reduced, which is a strong bearish signal. The market has plummeted across the board, with Bitcoin also dropping below $100,000. Following this, the Bank of Japan is about to announce its interest rate decision. If Japan decides to raise rates, a drop to $80,000 is not impossible.
However, in summary, the upward trend has clearly been interrupted, and the main players may take this opportunity to wash out and deepen the pullback. It seems that there is a high probability that there won't be a Christmas rally this year. If it continues to hover until Trump takes office next year, it wouldn't be surprising.
However, it was already anticipated that there would be obstacles in the bull market. Slowing down the rate cuts is not a major bearish signal; at most, it just delays the peak of the bull market. Friends who already have full positions like me can continue to hold without moving. If you expect further drops, you can reduce your positions and wait to buy back. As for those who still have room to increase their positions, don't miss this Christmas gift from the FED.
The cryptocurrency market changes quickly; long-term learning and accumulation of experience are essential. Be patient and wait for the right opportunity. Wishing everyone good luck!
(Any statements above do not constitute investment advice. Cryptocurrency and NFT carry high risks; it is recommended not to invest with funds that cannot be lost.)
Image source: Bitaverse NFT #5873
Artistic Value + Community Consensus + Diverse Empowerment + Cryptocurrency Market Analysis
