$BTC
The daily closing price has fallen below 95000
The upward trend has ended, and the bearish trend is established!
As long as the support level of 95000 is not broken, there is still an opportunity for a second rally in the market.
The strategy remains around 'short high, long low'
If BTC stands again around 97700, short positions can be established.
For stability, attention can be paid to the range of 98500 - 99500, and short positions can begin to be arranged.
No need to get too caught up in interest rate cuts.
Rapid interest rate cuts can easily trigger a rebound in inflation, leading investors to turn to safe-haven assets like gold and government bonds.
Slow interest rate cuts may lead to economic recession, causing investors to be more conservative and reduce high-risk investments, which may lead to a drop in Bitcoin prices.
So, interest rate cuts do not equal BTC rising!
Hone your trading skills and cultivate market sense without exhausting your energy.
Image reference 'Fox One'
Follow Hashini for daily point sharing～