The Fed cut interest rates in September. Will Bitcoin take off next month?
From mid-March to now, it has been fluctuating back and forth for five months. Just hold on. It has been five months, so it doesn’t matter if it holds on for another one or two months.
Where can it fall further? It is already at the bottom range. It can’t fall any further. Now it is close to the shutdown price of mining machines, which is basically at the bottom range. Institutions, miners, and retail investors are all uncomfortable.
The current currency circle is not an incremental market, but a stock market. It is obvious that there are fewer and fewer people in the currency circle. Is the market not doing well? Is the currency circle finished?
In fact, it is not. It is just because the currency price does not rise. If most of the altcoins double several times or dozens of times, forming a benefit effect, then people outside the circle will flock in.
Because ordinary people have no thinking ability, the more the currency price rises, the more they buy. Even if you rise to the sky, there will only be more and more people taking over. If the currency price does not rise, everyone feels hopeless, but no one will.
The correct approach is that the colder the market is, the more you should buy, and the hotter the market is, the more you should leave!
The reason is that this time period spans a long time, and institutional investors are unlikely to carry out large-scale operations during this period.
They are more likely to start taking action in the first two weeks of September 17 to meet the expectations of the Federal Reserve's interest rate meeting, thereby making a wave of price increases.
Therefore, the market may continue to pull back or fluctuate, reach a relative low point, and then start to rebound.
This logic is a bit like a long-awaited delicious candy.
