It has been a long time since I predicted the market trends, so let me remind everyone now. In this post, I strongly recommend everyone to read it!
Before the interest rate cut on September 18, I indicated that if the rate was cut by 50 basis points, I would increase my positions significantly, even to full capacity.
The market performed as I expected, with a significant increase over the past month; Bitcoin rose from 58,000 to 68,000.
Now, with the U.S. elections approaching and the second interest rate cut in November nearing, how will the market move?
Here are my operational suggestions:
1. If U.S. stocks/Bitcoin continue to rise before the U.S. elections, I will reduce my positions before the election results are announced or in the one or two trading days following the announcement.
2. If U.S. stocks/Bitcoin are currently experiencing a downward trend leading up to the elections, I suggest everyone to increase their positions.
3. If the market fluctuates until the elections, I currently do not have any operational suggestions.
I hope for a short-term decline; I wish for this, as it would lead to a healthier trend and greater imagination.