Sol will definitely rise, the target is at least 146.8, then 157. You can enter if the hourly level retreats. Pay attention to the position of 134-135.
The 50 basis point rate cut last night gave the market a shot in the arm, and Bitcoin also rebounded to $62,500. This range is relatively heavy and it is not possible to break through it directly. Next, it depends on whether it will break through directly after the shock, or step back to $60,000. However, the market sentiment is still ignited, including the recent new coins and new project coins, which have begun to prosper. It feels like spring has come and everything has revived.
After the FOMC meeting, the Federal Reserve announced that the target range of the federal funds rate would be reduced from 5.25% to 5.50% to 4.75% to 5.0%, a decrease of 50 basis points.
This is the first rate cut since the Fed started this round of tightening cycle in March 2022. From March 2022 to July last year, the Federal Reserve raised interest rates 11 times in more than a year, with a cumulative increase of 525 basis points. Since July last year, the Federal Reserve has remained unchanged for eight consecutive meetings, keeping interest rates at their highest level since 2001.
The Federal Reserve has started an easing cycle and cut interest rates for the first time in four years. What makes the market even more excited is that the Fed has cut interest rates by an extraordinary amount at the beginning. The market reacted violently in the short term. U.S. stocks rose sharply in the short term. The 10-year U.S. Treasury yield plunged from above 3.69% to below 3.64%, and the overall decline during the day
The rate cut is coming soon, and judging from the market, the main force's accumulation of funds has come to an end after the correction and fluctuation in the past six months.
The second correction has also confirmed that the market has stopped falling, so the corrections in the past two days are deceptive. The correction before the rate cut makes the market think that there will be a big drop.
The market has forgotten the feeling of a big rise, and after every rise, the subjective thinking is that there will be a big drop.
The more this is the case, the easier it is for the next big rise to happen
It took 11 days to finally reach the middle track. Whether it can stand firm or not depends on tonight. The decisive moment of the technical side has arrived, but the decisive moment of the news side has not arrived yet. It will take at least until Friday, because after the Fed’s interest rate is over, Japan’s interest rate decision will be held on Friday.
Let's put it this way, in a month or two, if there is a second half of the bull market, some altcoins can rise 10 times or 20 times, will there be hope for the cryptocurrency market?
That's not the case. DeFi and NFT were really big stories back then, and even scams like Luna were full of them.
If there are only pull-ups and drop-ups under the chip game, can we expect a real bull market?
It is more likely that some altcoins will pull up the market, the overall market will be sluggish, and high-level distribution will be waiting for a black swan.
Sato's operation is really interesting. He actually concentrated 4% of the chips to transfer to Binance, and then found a group of accounts to promote "Sato's first coin holding is Binance", creating the illusion that Sato is going to be listed on Binance.
As long as you look carefully at the address, you will find that these chips were sniped by the early dealers themselves.
Many people who don't know the truth rushed in to buy at the first time... In fact, as long as you use common sense to think about it, you will understand that the dealer will let you know the news of listing on Binance? (Refer to the big Neiro who smashed the market by 90%+ first)
There are two types of investors in the market. The first type is A who accepts both good and bad times. The other type is B who only wants to ride in good times and get off in bad times.
B laughs at A for not knowing how to get off, and will just stay on the bus when he is beaten.
But A thinks B's thinking is more dangerous, because B thinks he can be the invincible general in the market and always do the right thing.