According to the daily level, the trend of Bitcoin is near the end of the rise. The previous article mentioned that the first position is 60,000 US dollars. In fact, the rise in the past two days was affected by the events in the United States. Gold also rose sharply and set a record high.

With the depreciation of the US dollar, gold is relatively rising in price, and Bitcoin is the same logic. Many times people do not realize the relative logic. For example, if you take a piece of gold to exchange for a cow, gold depreciates and you need two gold bars to exchange for a cow. In essence, it is not that the cow is expensive, but that gold has depreciated. Whether gold has risen or Bitcoin has risen in the past two days, on the one hand, funds have entered the market, and on the other hand, the US dollar has depreciated. At least these two factors have an impact.

Next, the Fed’s interest rate cut will officially begin. The market predicts that it will be reduced by 25 or 50 basis points. In short, there is a high probability that interest rates will begin to cut. The market fluctuations in the future should be relatively large. Even if there is a high probability that it is good, are you ready to deal with large fluctuations?

The current range is 55000-62000. The trading contracts that are liquidated at the margin of this range will definitely be liquidated regardless of how the market fluctuates. Pay attention to risk control!

The most important thing in trading is always to make the best trading strategy in the right market. Stable and continuous profit is always the best strategy. Time will tell you the answer.