[Daily Market Analysis - BTC]
The market reached the target range as expected, with the highest point at 62590. This breakthrough was due to the impact of the Fed's 50 basis point rate cut.
Without this factor, the price may not be able to rush up.
Since the rate cut has been implemented, the positive news may turn into negative news after it is realized, so the view on the subsequent trend is not optimistic.
However, it is not advisable to short rashly at this time. It is recommended to trade sideways at this position for a few days before making a direction choice. If you are still watching and can't see the market trend clearly, you will only fall because of bullishness and rise because of bearishness. Come to my personal homepage to find me
If you make a profit, it is recommended to take a proper rest and don't be too persistent, which can easily lead to mistakes.
