Bitcoin has risen by $10,000 since the Fed cut its interest rates. I have also said in previous articles that after Bitcoin reached around $60,000, it had a weak rise and a strong fall.

Of course, the Fed's interest rate cut event dominated the market. Most people predicted 25 basis points, but the Fed directly cut it to 50 basis points, which shows that the US economy really needs a major operation. The first to fail is the United States itself. Trump's coming to power is another mess!

Having said that, I opened a short position near 62,000, and now it has reached around 63,000 through increasing positions. Now the position is also very healthy. There are two very important things in trading. On the one hand, it is position management, and on the other hand, it is the right time to adopt the most appropriate trading strategy to enter the market.

The current price of Bitcoin has reached 64,000. There has been no turning back since the Fed cut its interest rates. The market knows nothing about the dealer behind it, and only knows to chase the rise. Can you imagine, has the bull market really started? Looking back at the previous Fed rate cuts, the market rose for a while and then began to return to normal. At a certain time point, the market bottomed out, fluctuated and cleaned up, making the market fearful and desperate, and then started a real bull market. From which aspect do I think that the bull market started directly because of the Fed rate cut!

Starting from the Bitcoin halving event, there has never been a real bull market in all the halving cycle years. They all started in the second year, around the middle of the year.

Besides, if the bull market is really started, there will be no callback stage? Big rise and big callback, small rise and small callback, no matter what stage of the cycle, this rule is always correct. Bitcoin 62,000 is a very strong pressure point. It broke through and reached 64,000. Looking at the long-short ratio data, you will know that retail investors are not already long and on the way to long. Are they just making wedding clothes for retail investors without looking back?

64,000 is already a top, and returning to 60,000 is the first goal. It is likely to be a short-term downward callback, which will not give the long army a chance to enter the market. Please do not operate cautiously. If you want to make a profit, go short at highs, but the position must be well managed, otherwise it is no different from gambling!