Will the Fed's rate cut in September drive the price of bitcoin to rise?
"Buy at the bottom, sell at the carnival." This makes sense.
From mid-March to now, the market has experienced ups and downs. Since we have been through it for so long, we might as well keep going! Now the price is close to the bottom, and there is not much room for further decline.
At this time, whether it is institutions, miners or retail investors, they are all facing difficulties.
But don't rush, what the currency circle lacks at present is a big rise. Once the altcoin starts to rise, the money-making effect will attract a large number of new investors to pour in.
People always like to buy when prices rise, and even if prices soar, buying will continue to increase. On the contrary, when prices stagnate, everyone will leave the market.
Therefore, we should make arrangements when the market is cold and withdraw quickly when the market is hot.
Regarding the Fed's rate cut, there is still a month before the meeting on September 17. In the short term, it is unlikely that the K-line will rise sharply, but it may bottom out again.
Institutional investors usually act when the meeting is approaching, and pull up prices in line with the direction of the meeting. The next market may adjust first and then start to rise.
Just like a child looking forward to the arrival of candy, the closer it gets to September 17, the more excited he gets, but when he actually eats the candy, the excitement will fade. The same is true for the market. It may be lively before the meeting and calm down after the meeting.
It is difficult to predict the short-term rise and fall of the currency circle. In the absence of external capital inflows, everyone is trying to sell high and buy low to maximize profits, but most people find it difficult to beat their opponents.
It is wise to maintain a reasonable position and wait patiently.
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