Going long now is equivalent to chasing highs the day after the rate cut, chasing a rise from $60,000 to $62,500, which is beyond my expectations.
The performance of the U.S. stock market is in line with the expectations of the rate cut, and it has fallen, while gold has risen, which is very consistent with the operation of whitewashing data and whitewashing the economy.
Therefore, the safe approach should be to avoid risks.
Since I think the rise of Bitcoin is not normal, it can be regarded as the market being controlled. If Bitcoin continues to rise to $64,000-64,500, then institutions and big investors have risen from $60,000 to here, and have made a profit of 4,000 points, and it may be time to stop while they are ahead.
Since Fed Chairman Powell is trying to supplement the economy to achieve equilibrium by whitewashing the economy and cutting interest rates by 50 basis points, it may boost the performance of the U.S. stock market, making companies look thriving and the economy prosperous, thereby driving the price of Bitcoin further up.
If this really happens, gold will most likely stop rising because the return rate of other assets will be more attractive than gold.
