The interest rate cut in September is inevitable. After the interest rate cut, the price of Bitcoin plummeted and then soared. Is it a good time to buy at the bottom?

1. If the upper edge of the oscillation range is around 63k, if it is not fully connected, you can buy more if it falls back without breaking

2. The important yellow trend line, if it falls below, it means it is a scam, and it may go down again. I will consider breaking the stop loss at this position. If it does not break, continue to force the market.

Everyone is talking about Powell's speech. I actually think what he said this time is not very important. The interest rate cut in September, it cannot be said to be 100%, but it is 99%. There is no suspense. The suspense is whether the interest rate will be cut by 25 basis points or 50 basis points. The market expects a 25 basis point cut.

If the interest rate is cut by 50 basis points, it means that the Federal Reserve predicts that the economy is about to decline, so it needs to increase the intensity of interest rate cuts to stimulate the economy. If such a reversal occurs, there will be some negatives in the short term. If the interest rate is cut by 25 basis points, it is in line with expectations. But Powell is unlikely to directly say a 25 or 50 basis point interest rate cut. He should give a clear signal that the interest rate cut is about to begin. This situation should have a small wave of positive news in the short term.

In this environment, the rise of US stocks can be considered to be similar to the Internet bubble in 2000, which is not very similar to 2008. The wave in 2000 was a rate cut cycle starting in January 2001. S&P: Started to fall in September 2000, the earth and sky needle in December, the positive line in January 2001, and then began to fluctuate and fall for 9 months, rebounded after 911, and continued to fall after half a year.

Nasdaq: peaked in March 2000, then fell, then rebounded, also started to fall in September, fell in December, rebounded in January 2001, and then fell to September, rebounded after 911, and continued to fall after 4 months. #BTC