Bottom Fishing

Let’s first look at the two major negative factors at present

(1) The market is pessimistic about the possibility of the Federal Reserve’s sharp interest rate cut in 2025, the U.S. Treasury yields are rising, and the U.S. dollar index is soaring.

(2) There are rumors that the U.S. Department of Justice has approved the sale of a large amount of BTC. Regarding the Fed's interest rate cut, the market is currently the most pessimistic.

Everyone predicts that the U.S. will not cut interest rates before July next year. If some more data shows negative news, such as tonight's non-farm payrolls and unemployment rate, it will only strengthen the explanation of lowering expectations. Things will turn around when they reach their most pessimistic point. As long as inflation shows a downward trend, the cryptocurrency market will be able to regroup.

Pay attention to the non-farm payrolls and unemployment rate released at 9:30 tonight. Regarding the U.S. government's plan to sell BTC, this is just a rumor.

The reporter heard that someone in the Department of Justice told him, and he doesn't know if it is a story made up by a dog dealer.

It requires documents or statements from relevant departments to be true. In addition, Trump is about to take office. He previously promised that the U.S. government cannot sell BTC. Therefore, this negative news may not be.

Buy the rumor, Sell the news. Buy when rumors are negative and sell when positive news is realized. This trading method is still good.

From the data on the chain, not much BTC has flowed into the exchange So I suggest you don’t be pessimistic. If BTC drops to around $92,000, you can buy the bottom. Here are some recommended coins: BTC, Uni, Kaia, BNB

#BTC走势分析