Yesterday, most of the market speculated that the rate cut would be 25 points. I didn't expect that the rate cut would be 50 points at once, and there is a high probability that the total rate cut will be 100 points before the end of the year.
What Powell said is not important, but what he did is important. It is obvious that he is trying to cover up the truth. I feel that the risk of recession is increasing. BTC looks stable at present, but I am not so optimistic in the short term.
So I am going to place an order in the 62300-62600 range to take a short order, and the stop loss is placed near 63500. Reserve a position for replenishment, and the stop profit below will see 6w first.
