The result of the interest rate meeting was a 25 basis point cut, but the market fell sharply. Originally, the market would rise and rise after the interest rate cut. Powell's words led to the current situation. The liquidation line of long positions in contracts is most dense in the range of 98,000-104,000 dollars, and the price of Bitcoin has directly reached 98,500 dollars.
The market's explicit information is that it was originally expected to cut interest rates four times in 2025, but now it is expected to cut interest rates twice next year. The chairman of the Federal Reserve said: We are not allowed to own Bitcoin, and we don't want to change the law.
But you have to understand that market policies are not actually decided by them. They also have to look at the data. They can say whatever they want, but they can't make decisions casually. The decision depends on the data. How the interest rate cut will be next year depends on various data.
What I want to say is that the bull market has just begun. Bitcoin will reach 150,000 dollars, ETH will reach 8K, doge will reach 1U, and pepe will reach 5 times.
This rising process will wash out countless people. In fact, we can't do anything except configuration and waiting.
These fortunes will truly be given to those who persevere.
