According to the current market trend analysis, Bitcoin's rebound to 64,000 should have reached a peak. From the Fed's interest rate cut to now, Bitcoin has not turned back and has risen from 53,000 to 64,000. How many people would naively think that it will rise to 68,000 or even 70,000?

Although the Fed's 50 basis point interest rate cut was beyond many people's expectations, it does not mean that a large interest rate cut will cause Bitcoin to soar. Most of the current retail investors in the market still believe that Bitcoin's surge has not ended and long orders have not been processed. Then the next market will be gradually trapped and gradually blown up!

The first target is 60,000. If you don't believe it will reach this position, then 59,000! It will still return to the normal price range. There will be a so-called surge in the short term, and of course there will be a sharp drop, and it will eventually return to the shock range to wash the market.

I am not bearish, nor am I bullish. I only do trend analysis, analyze the market from the perspective of the market behind the scenes, and trade according to the trend. There may be some dislocation in the short term, but as long as the overall direction is correct, the profit is certain, and this is the trading result.

The market will fluctuate greatly in the next two days. Be cautious in trading, especially for long position holders, and control your positions.