Many people expected the Fed to cut interest rates by 25 basis points, but the result was 50 basis points. This news caused the market to rise first, then fall, and then rise again. Since this fluctuation occurred at four in the morning, it is estimated that many people missed the best time. Although there was no operation, friends who held spot still made a small profit.
Bitcoin rose by three thousand US dollars and is currently close to the 4-hour pressure line. I plan to look for short opportunities around 62,500 and wait for the secondary high or new high. This is relatively cost-effective. If the price directly pulls back, I will look for opportunities to enter the market and go long. This is the idea for the time being.
