Attention, friends in the crypto world! At 2 AM on May 8th, the Federal Reserve's interest rate decision will be announced, which is undoubtedly the most watched major event in the current crypto space! In my opinion, there are likely only two outcomes:
The first scenario is that if the Federal Reserve does not cut interest rates in May, the market has already priced in this expectation. If they really do not cut rates, Bitcoin will likely face a correction, and the digital currency assets we hold may be at risk of shrinking.
The second scenario is that if the Federal Reserve directly cuts interest rates, then the price of Bitcoin will skyrocket like it's on a rocket! Just thinking about the market conditions at that time gets people excited.
Nowadays, institutional investors in the market are crazily scrambling to buy Bitcoin. I tell everyone, once the price of Bitcoin breaks through the $100,000 mark, the $3 billion of 'southbound funds' (the funds flowing from domestic to overseas for trading cryptocurrencies) will likely be swallowed up by the market in an instant. In the eyes of the big players, this $3 billion is simply a juicy piece of meat, and they have long been drooling over it.
The recent market performance has been particularly evident. Bitcoin has been hitting new highs almost every day, but just a few days later, these highs turn into lows. From the candlestick chart, the price shows a slow upward trend overall, but those who are shorting Bitcoin (that is, those who bet against Bitcoin and make money from shorting) are in trouble; they are getting trapped deeper and deeper, making it hard to escape. I guess the big players will definitely not easily crash the market to release shorts; they would love for the shorts to get deeper and deeper, so they can earn a fortune!
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