The news of the interest rate cut released by the Federal Reserve did not make Bitcoin crazy. It started to lose strength after rising for one day, which means that the upward momentum is very limited! On the one hand, there is insufficient momentum, and on the other hand, retail investors have chips in their hands and cannot pull it!

Recalling the past six months or even a year, when did the market fall into despair and panic and hand over chips? There should be no! The market did not sell its chips in the big drop on August 5, because it did not stay at the bottom of 50,000. If it stays at this position, many retail investors will worry about another drop, and they will hand over their chips and leave the market if they are scared! It rebounded directly without stopping after touching the bottom, which means that the market has not begun to despair, and it has returned to its original position before it reacts.