Big news! The Fed is about to cut interest rates tonight. From the liquidation map, we can see the points that BTC bulls and bears must pay attention to

The Federal Reserve will announce a rate cut decision at 2 a.m. Beijing time on the 19th. Whether it is a 25 basis point or 50 basis point cut, the cryptocurrency market will most likely go up and down. This is inertia. However, even in this case, it still cannot stop stubborn friends from taking a high leverage gamble. So we will simply analyze the points that long and short positions need to pay attention to after the rate cut is announced tonight from the explosion map:

Judging from the liquidation map, the liquidity of short selling above is far greater than that of long selling. The two concentrated liquidation points of short selling are around 60,500 and 61,500-61,700, and the liquidation intensities are around US$320 million and US$1.6 billion respectively.

If the bulls can push the price above 62,000 after the rate cut is announced, they can get the liquidation strength of nearly $1.6 billion of the shorts.

On the other hand, the liquidity below the longs is already less than that above the shorts, and the main liquidation points are around 58,500-59,100. The cumulative long liquidations at this position are US$320 million and US$880 million.

Moreover, this position is not far from the current price of Bitcoin, so we have reason to believe that BTC is very likely to reach this position tonight, but there are not many bulls left below 58,000.

Therefore, if the Federal Reserve cuts interest rates by 50 basis points as scheduled tonight, we have reason to believe that BTC is more likely to go up in the short term. As for the specific entry point for long positions, I personally think that the 57,500-58,000 line is a position that can be considered for building a position.

Let me add another one to see more people's opinions. From the long and short liquidation data since August 8, we can see that in the past month, long liquidations have been the main ones, and short liquidations of more than 50 million US dollars in a single day are rare. According to the market balance theory, we also have reason to believe that BTC is likely to usher in a wave of rebound in the short term, bursting the upper shorts to achieve a state of market balance $BTC $ETH