The wave of interest rate cuts is coming, will Bitcoin plunge or break new highs again?

The entire market is focused on the Federal Reserve's decision, which will occur at 3 AM Beijing time on the 19th. If the Federal Reserve cuts interest rates, then the bullish sentiment for Bitcoin will inevitably exist. The market expects the Federal Reserve to cut rates by 25 basis points. If the data supports a bullish sentiment, Bitcoin will definitely rally!

At present, this market situation is the doomsday for many retail investors. The fluctuations are around 4-5 thousand points. With the trend direction not being favorable, whether you are going long or short, you will be shuffled by the market makers. For example, yesterday, Jiu Ling provided a long position near 1055. When the US stock market opened, it stretched to 1080, breaking the previous Bitcoin high once again. All real positions in Jiu Ling were cashed out at the target level of 1080. Bitcoin's highest rebound reached 10830, and just when you thought it would continue to rise, the market reversed and corrected nearly 4000 points.

The market changes rapidly, so when trading, you must learn to adapt! Do not engage in blind speculation. Whether you're going long or short, we should avoid frequent trading. If the trend is right, just ensure to capture profits on each trade, it’s enough. In contract trading, if you have a greedy mindset, it will be difficult to survive in the long run!

Today, it is recommended to short near 104000 for a quick thousand-point drop. If it pulls back to around 103000, we can look for bullish opportunities. If it continues to retrace, we can add to our position around 1020 once more, with a target looking at 108000, but be sure to manage risk and position size!