In the early hours of the morning, the Federal Reserve's interest rate decision did not exceed market expectations and only cut interest rates by 25 basis points. Subsequently, the price of Bitcoin continued to fall, and the amount of liquidated positions on the entire network reached US$682 million. A total of 241,030 people suffered liquidated positions within 24 hours.
Several of Powell's key remarks had a significant impact on the financial market, with US stocks, gold and Bitcoin all falling sharply. The specific impacts are as follows:
First, he revealed that there may be only two interest rate cuts next year, which is different from the four rate cuts that the market had previously expected in 2025.
Secondly, because the U.S. economy is strong, he said there is no need to continue cutting interest rates to ease inflation and hopes to maintain neutral interest rates. He expects it will take one to two years to reach the 2% inflation target and considers the impact of tariffs on inflation.
In addition, he also stated that the Federal Reserve does not allow and does not intend to hold Bitcoin, and the strategic reserve is a matter for the Treasury Department.
Trump's son also encountered a trap in the currency circle for the first time, which triggered widespread discussion.
I received positive feedback on some of the short orders I recommended during my live broadcast, which made the evening's efforts worthwhile.
At present, the trend of Bitcoin has clearly corrected. Faced with this big negative line, we need to consider whether Bitcoin will reach its peak in one step or fluctuate downward.
If it is done in one step, it is unwise to go long at any position; if it fluctuates downward, 98k-99k and 95-94k below are good pin points, and it is better to go short after a rebound.
Likewise, one step will cause the market to lose many trading opportunities. Although I am worried about this situation, I will also choose to go short on rallies and exit when it is close to the support level. This will be my operating strategy.
In short, I expect a bounce from certain support levels, but I don't intend to participate and will wait for the bounce before going short. Until the daily MACD forms a golden cross below the 0 axis, then consider going long on dips.
Musk-themed puppies, the strongest primary market of the Ethereum chain, will be the next shib#puppies会是下一个shib
