9.19 This wave of rise is just the beginning! A bigger market is waiting for us!
The Fed finally decided to cut interest rates by 50 basis points this time. Most people may have thought that the Fed would cut interest rates slowly, step by step, and may cut interest rates by 25 basis points at the beginning. Some people also think that a 50 basis point cut is a sign of economic recession. In an economic recession, Bitcoin is even less likely to rise, but should fall.
When the Fed announced a 50 basis point interest rate cut early this morning, Bitcoin started to rise at first, and then started a correction trend in the next two hours. I guess it may be caused by the decline of the US stock index. Then after 4 o'clock in the morning, the price continued to rise again. This wave of rise broke through the key resistance of 61,000 and came to 62,000. The highest price of this wave was around 62,500.
Then in terms of our member community, I started to ambush at the bottom when it fell on the 17th. I entered the market and made a long position at 579,000, and then the target position for profit was 62,300. The price also perfectly came to a little above this position. Our operation was also perfect to stop profit, and we got a profit of 4,400 points.
Then this can be regarded as an explanation of the Fed's interest rate cut that we have been paying attention to for some time. We have been paying attention for so long, looking forward to it for so long, and analyzing so many fundamentals. It can be regarded as getting a little reward.
Then I believe that many friends may be afraid when the callback occurs. This wave of rise may not be able to get too much profit, but I don’t think there is any need to rush. The market has just begun. I think everyone can understand that entering this interest rate cut cycle is like entering the market of Bitcoin halving, or just like the market of Bitcoin spot ETF listed in the United States before.
That is to say, there will be a bigger rise waiting for us later, and it is just a small dish now!
