Everyone is discussing whether the Fed will rise or fall
This week, the price of Bitcoin has repeatedly encountered resistance during the retracement process, and the momentum for continued decline seems to be slightly insufficient. What kind of market logic is hidden behind this?
According to the 3,000-point pull-up last night that broke the new high, most people in the market are still bullish without a doubt. Even I, the Air Force Commander, have been stuck at the bottom. Everyone who has been paying attention for a long time knows that I have been short for at least a month. I have not been long in these waves of pull-ups. The emotions of most people have been infected by me. I believe that friends who pay attention to gold know that Bitcoin will rise when it falls. The overall logic has emerged. The two big brothers are washing their chips back and forth. Only when they are washed clean can they not have so much weight. If 60% of people are bullish, then these 60 dog dealers at least expect to wash 30-20 before they can accept it, and the same is true for shorting.
In the speech in the early morning, it is expected that there will be disputes between 25 and 50 basis points. I personally think that the probability of a 25 basis point rate cut is relatively high, so the impact on the currency price will be further reduced in the short term; in terms of form, it is currently a correction in the bulls, but in the process of correction, the US market closed the low point of the previous correction last night, and the strength of the retracement seemed a bit weak, so combined with the above factors, the currency price will continue to adjust and correct in the Asian market today. After sufficient adjustment, we will consider going long! !
