Last night the Federal Reserve announced a 50% interest rate cut. The key is that Powell said that the US economy is performing strongly and there is no risk of recession. This is generally a good thing. It is expected that the market will be able to maintain above 60,000 in the short term.
The market will rise first, and a direct reversal is unlikely. Pay attention to the local upward shock trend. Once it falls below, reduce your position immediately. The previous declines all occurred after breaking the upward trend!
Today's daily line can close above 61800, which is the key signal! If it stands above 61800, we can expect a new round of bullish trend. If it fails to stand above 61800, it is entirely possible to turn to a bearish trend. Small-level structures can be ignored. Just keep an eye on the daily line to find a breakthrough or reversal structure and prepare to lay out trend orders.
Keep an eye on the daily closing price performance near 61,800. If the price breaks through significantly, then turn to the long side and make a trend long order. If the price retreats significantly away from 61,800, then turn to the short side and make a trend short order.
Along the way, I have seen too many tokens rise and fall, especially opportunities like $Neiro that suddenly took off. Many people always wait, waiting for the price to pull back, waiting for the market to calm down, but often the result is watching the opportunity slip away.
Looking back at when I first entered the cryptocurrency world, I also missed several big market opportunities due to hesitation. Later, I understood a truth: opportunities always come to those who dare to make decisions.
The market waits for no one. The more you wait for the "perfect time", the more you will miss the real opportunity. $Neiro's takeoff is the best example. The rocket has already soared into the sky, and those who are still waiting can only look at the rocket's exhaust.
So my advice is, when the market sends clear signals, don’t hesitate, set up risk control, and act decisively so that you can seize the opportunity when it comes.
There is an old saying in the cryptocurrency world: Tickets wait for no one, and opportunities don’t come often. This saying has a profound impact on me, and I hope it will be helpful to you. FOMO emotions are often a huge driving force, and seizing it may be the key to the next takeoff.
Since you have read this far, please follow and like before leaving. I am Qingtian, an old investor who sincerely wishes you to get rich!
