First of all, let me ask you a question. Do you think that the market is where most people can make money or where only a few people can make money? That’s right, only a few people can make money in the trading market! This also fits with Buffett’s famous investment saying:

"When others are greedy, I am fearful; when others are fearful, I am greedy"

Back to the topic, today we will use the liquidation map to speculate on the main liquidation points of short-term Bitcoin after the interest rate cut:

Within 24 hours after the Federal Reserve announced a rate cut, Bitcoin rose by nearly 8%, and short positions were liquidated for $150 million. The short-term short force suffered a considerable blow, and the upward short concentration point is 63,500-64,100. The short liquidation intensity of this line is 435 million US dollars, but it is far from enough compared to the long liquidation intensity below.

On the other hand, bulls, affected by the positive impact of the Fed's interest rate cut, many people are long at the 59500 to 62000 line. The main concentrated points are 62400, 61500 and 61100. The liquidation intensity is 277 million US dollars, 902 million US dollars and 1.42 billion US dollars respectively. These are three points that bulls need to pay attention to. If BTC can retreat to around 59500 in the short term, it means that the dealer can get nearly 2.3 billion US dollars of long liquidation intensity.

Therefore, I think if you want to enter the market and go long, the 59500-60200 line is a good reference point for bulls.

To sum up, although the Fed’s interest rate cut is a big positive, I don’t think BTC will easily start a new round of bull market with just a few big positive lines in the short term, because the market power is unbalanced now, the number of people going long is far greater than the number of people going short, and the dealer is unlikely to carry such a heavy load to pull up the market, because the dealer only considers profits.

Another thing is that after the good news that most people in the cryptocurrency circle think comes out, the market turns the other way. This was also the case with the last Bitcoin halving. So I think that although the market is still likely to be bullish in the long run, a new wave of bull market will only truly begin after a group of people are cleared up and down. $BTC $ETH