This is the last darkness before dawn. Please try your best, don't give up here, all disadvantages will end.
The biggest problem today is that previous estimates of the interest rate cut date were too optimistic. The original date of September was moved to July by a large number of influencers and bankers. All previous bullish predictions were based on the premise of interest rates. cut in July, resulting in many coins being moved ahead of schedule. It has gone up, which is a positive early release. There are currently many different opinions on the market. That is, the previously expected July will not just be September as originally expected. , but could even be postponed to December or next year. This has given rise to short-term speculation. A heavy blow for traders, directly leading to early profit taking.
Under the continuous sell-off and a lot of false comments, mutual trampling was triggered, pushing the price down excessively. Most minor coins have fallen more than ten to twenty percent from the last support level. Is this the bottom? I do not think so.
The last hit was Wednesday night, so is it the bottom after early Wednesday morning? There is no need to extend the bottom buying process into the end of next week, so the panic selling will eventually end. The cyclical bottom may then appear and the recovery will begin again.
We should not be too pessimistic. This is the ultimate bad news. If anyone is affected by this, it will be the Federal Reserve's announcement of its plans to raise interest rates. is almost impossible.
Delaying a rate cut will certainly result in a loss of short-term profits for bulls. Unless the pre-deployed amount is deployed at an early bottom, there is a high probability that the principal will be returned.
But this news is not necessarily bad, because after expectations lengthen, the period of speculation about expectations will also lengthen, and news of another interest rate cut in the future can only be good news. . During this period, project and market conditions can still be corrected and eventually reach new heights once the interest rate cuts are actually implemented.
If you haven't opened an order yet, don't open it now. If you reserve your spot, you can check back in 1-2 months. If you have a lot of contracts in hand, set a stop loss order.
Short sellers, congratulations, you won this time.
