September 19, 2024

The Fed has started to cut interest rates, and it is 50bp higher than market expectations. As a result, the price of Bitcoin has risen, directly above 62,000, breaking through the 60,000 integer mark. What is more noteworthy is that altcoins have generally rebounded, and many have rebounded by as much as 50% compared to the lowest point. I have been encouraging you to buy at the bottom a while ago. No matter how much you buy, as long as you buy, you will basically make money. We all know that although Powell still insists that this does not represent a shift in monetary policy, we all know that the interest rate cut cycle has begun.

The interest rate cut plus the halving will increase demand (capital spillover to Circle B) and reduce supply. This will show its greatest power over time. This is also the underlying logic that I dare to say that as long as you buy spot, you can hold it boldly, because the probability of a bull market next year is extremely high. The interest rate cut has begun, but the inflation of the US dollar will not stop, and the corresponding value of the corresponding legal currency, the big cake, will gradually increase. When the price of the big cake reaches 100,000 or 200,000, you will find that the previous doubts were ridiculous.

Of course, the short-term rise is in line with expectations, but it does not mean that the market will directly break through the new high. In my opinion, the staged low point that some positions have stepped on is not completely the lowest point, at least in terms of time, it is not enough to directly start the bull market. However, there are not many time windows for low points. If there is no new low in the coming October, it may quietly start the bull market. There is no doubt that the worst moment is about to pass, so our first task will once again become holding the chips.

In the short-term market, the upper pressure of 65,000 still exists. Considering that there is still a risk of a sharp drop before and after this wave of interest rate cuts, I have asked my friends in the group to stop profit first, especially the cottages with profits of more than 30%, or leave profits as long-term chips. This wave of short-term profits is still good, although the proportion is not large, but fortunately the overall rhythm is online. The purpose of our profit stop is to prevent the market from continuing to fluctuate in this range or further bottoming out. The large position is still in hand.

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