#加密市场回调 Family, listen carefully. At 2 AM on May 8th, the Federal Reserve's interest rate decision is definitely the number one event in the current cryptocurrency market! In my opinion, there are only two possible outcomes:
The first scenario is if the Federal Reserve does not cut interest rates in May, many people in the market are already prepared for this. If they really don't cut rates, Bitcoin will likely have a correction, and the coins we hold may shrink in value.
The second scenario is if the Federal Reserve directly cuts interest rates in May, then Bitcoin will definitely soar like a rocket! Just thinking about that scene is thrilling.
Currently, institutions in the market are acting like they're crazy, frantically buying Bitcoin. I'm telling you, once the price of Bitcoin stands above $100,000, that $3 billion worth of 'southbound funds' (the money flowing out of our country to speculate on cryptocurrencies) will probably be instantly absorbed by the market. To those big players, this $3 billion is just a juicy piece of meat, and they are almost drooling over it.
Recently, the market has been particularly evident. Bitcoin can set a new high every day, but within a few days, that high point becomes a low point. The candlestick chart shows a slow and steady upward trend, but those shorting Bitcoin (those betting against Bitcoin to make money) are suffering immensely, getting trapped deeper and deeper, and can't escape even if they want to. I suspect that those big players will definitely not easily crash the market to let the shorts out; they are just hoping the shorts get more entrenched so that they can make a fortune!