$BTC I will guess the scenario after the interest rate cut
Before the meeting, it fluctuated around 6w, and the meeting confirmed the implementation of the interest rate cut. US stocks rose collectively. $BTC followed the rise
Break the previous 6.5w pressure level and then form a big pit. After 6.5w fluctuates for a period of time, it chooses to break upward
It is expected to peak above 6.8w but cannot break through 7w, and then the positive news is digested. The market lacks continued driving force, so the market will naturally fall
Falling to around 6.3w, bad news frequently appears, and the market begins to accelerate the decline of 63000-60000-53000. Because 5w has strong support, short-term profit-taking and long-term position building market temporarily stop falling
When the shock was over and it was about to rise, another black swan came and directly broke through 5w, sweeping away all the profit-taking orders that had been made at 4.9w.
Then the market began to panic, and a large number of retail investors were bearish on 1w and pessimism spread.
Washed until the end of December when King of Understanding came to power and issued major favorable policies and CZ was released from prison. $BTC 35000-55000 pulled 20000 overnight and it was very easy. No one rushed to buy at the bottom of the panic and the chips were sufficient. Then it kept pulling until the previous high and encountered pressure to fall again, and then encountered new policies and favorable conditions to break through the 8w mark.
The top of this bull market is expected to be 10w. Those who brag about 50w or even 100w should get up first and stop daydreaming.
