Black brother shares
In the early morning, the Federal Reserve's interest rate decision did not present any surprises
It met all market expectations of a 25 basis point rate cut, followed by Bitcoin continuing its decline
Key statements from Powell prompted significant declines in US stocks, gold, and Bitcoin
First: It signaled that there might only be two rate cuts next year, changing previous speculation of four cuts by 2025
Second: They want to maintain a neutral interest rate, believing that the US economy is strong and does not require continuous rate cuts to achieve inflation moderation, while achieving the 2% inflation target may take one to two more years, considering how tariffs may drive inflation (in line with new policies)
Third: A crucial point is the statement on Bitcoin reserve policy, which slightly differs from previous statements; the Federal Reserve does not allow and has no intention of holding Bitcoin, and strategic reserves are a matter for the Treasury to consider
More delightfully, Trump's son has experienced the feeling of being stuck in the crypto circle for the first time, which is quite cool, noble birth does not guarantee a unique experience
Additionally, some short positions I promoted during my live stream received positive feedback, making this late-night effort feel worthwhile
The trend of Bitcoin has clearly shown a corrective trend; with this large bearish candle, we need to consider whether Bitcoin will make a straight move or oscillate downwards
If it's the former, then going long at any point would be incorrect; if it's the latter, then the 98k-99k range is a good entry point, and 95-94k is also a decent entry point. Profiting from a rebound and then shorting would be more favorable for the market
Similarly, if it's the former, it would indicate that the market will lose many trading opportunities. I am concerned about the former while being fully aware of myself, choosing to short at highs and exit near perceived support will be my consistent strategy moving forward
To put it simply, I believe there will be rebounds at certain support levels, but I won't act on them. I will wait for the rebound to complete before shorting again, until the daily MACD moves below the zero axis and forms a golden cross, at which point I will start to go long on dips
BTC
100,756.75
-4.62%
