The interest rate decision is a 25 basis points cut, but the market has plummeted. Typically, after a rate cut, it's all about rising prices, yet Powell's statement has led to the current situation. The liquidation line for long positions in contracts is concentrated in the range of $98,000 to $104,000, and the price of Bitcoin has directly fallen to $98,500.
With such a drop, the clear message from the market is that in 2025, four rate cuts were originally expected, but now the expectation is only two cuts next year. The Federal Reserve Chair said: We are not allowed to own Bitcoin and do not wish to change the law.
However, you must understand that market policies are not solely determined by them; they also have to look at the data. Words can be freely spoken, but strategies cannot be arbitrarily set. Strategies depend on data. Ultimately, how the rate cuts will happen next year still depends on various data.
What I want to say is that the bull market has only just begun. Bitcoin needs to reach $150,000, ETH needs to reach $8,000, Dogecoin needs to reach $1, and Pepe needs to increase fivefold.
This process of rising will wash countless people out of the market. Aside from allocation and waiting, there's really nothing else we can do.
This wealth will truly go to those who persist.
