Why didn't this round see the same general rise as the last round?
1. Liquidity contraction: For example, the interest rate in the last round was 0 or even negative. If you deposit money in the bank, the bank will give you money;
2. There are more altcoins: you can make more money by playing with what is popular; but the emergence of a huge wealth effect must require the condition of overflowing liquidity.
Next, it is likely to test the historical high of 73,000. The psychological barrier position of the historical high may be more than a few times. The probability of breaking through is getting bigger and bigger. Don't be short. You must have a position in your hand. In the short term, it is expected to rise first and then fall back.
I believe that the fluctuation range of Bitcoin prices will increase as it rises. From 49,000 US dollars, it has risen by 20,000 US dollars, an increase of nearly 41%. This increase almost kills all altcoins, so whether Bitcoin can break through and stabilize at 70,000 is the key.
A breakthrough here will make altcoins excited and drive altcoins to make up for the rise. Otherwise, no coin can rise more than Bitcoin. In addition, the liquidity brought by the interest rate cut can completely activate the bull market of altcoins.
Next month, we will have two consecutive interest rate cut meetings. According to market forecasts, it will be good if we can cut interest rates by 25 points each time. Recent data shows that the US economy is still resilient. Next week, we will also have financial reports from technology companies, which will directly affect US stocks and Bitcoin.
