It has been a few days since I last came to the square. The Bitcoin market on May Day has once again come down from its high point! On May Day, Long Ge didn't make a trade, as he was busy with other matters! Now, the Bitcoin market is looking at the Federal Reserve's interest rate decision on the 8th.
The view is still at the 90,000 support level. If the Federal Reserve releases positive news on the 8th, then Bitcoin will start to rebound between 88,000 and 90,000. Without good news, those who have been shorting from 95,000 will have made a fortune!
Long Ge judges that Trump will pressure the Federal Reserve to cut interest rates, and if the Federal Reserve insists on not cutting rates, then we could see significant fluctuations in Bitcoin between 90,000 and 80,000! So right now, around 92-95, don't rush to take action; shorting should wait for 95-97 for the market, while going long should be ambushed between 88-90, with 88,000 as the stop-loss level!