Will the Federal Reserve's decision tomorrow trigger Bitcoin? Analysis of the market truth
First, let me clarify my viewpoint: a rate cut is already anticipated by the market, and the current focus is on whether the Federal Reserve will announce a "printing money" plan, as well as Powell's stance during his speech.
It is possible that a new money printing plan will be launched, but the specific implementation time may be around March, depending on economic data.
Powell is likely to show a hawkish attitude, hinting that there will be no rate cut in January, and if the money printing plan starts earlier, it may unexpectedly stimulate the market.
From the market perspective, Bitcoin is approaching the resistance level of the trendline, and after a rate cut, there may be a "buy the rumor, sell the news" type of correction. Therefore, I am currently shorting with a low leverage, waiting for the market reaction.
Looking at ZEC, we previously shorted from around 420 down to 300, and the current price has returned to around 420. I will be more cautious in the second shorting, planning to place orders at 450-460, not in a hurry to enter the market.
Regarding BCH, it has again fallen back at the 600 resistance level; we shorted from 600 to around 550 last week. This time, we have also entered a short position, with a short-term target looking towards the 560-550 range, while the long-term still has downward space.
My trading strategy is to follow the market rhythm and patiently wait for opportunities. The overall trading results recently have been good, and I hope this time will also go smoothly.
What retail investors need to do is "patiently wait for opportunities, act decisively and accurately". Pay attention to Bai Yue, come to the village to get daily real-time strategies + loss prevention guidelines!
