Why did the cryptocurrency market surge despite the Federal Reserve not lowering interest rates?
Can you still get on board with Bitcoin at 100,000 USD?
Why did the cryptocurrency market rise when the Federal Reserve didn't lower interest rates?
The market has already digested the expectation of 'no interest rate cuts'; when the bad news is fully priced in, it becomes good news.
Do you think that after a rise, it's time to short?
Be careful, this might be a trap! The fluctuations over the past few weeks have been intended to create the illusion for retail investors that 'if it rises, it will fall.'
And the result? The more you short, the more it rises; the more it rises, the less you dare to close your position, and in the end, you get stuck and can't sleep all night.
The key questions going forward:
Is 100,000 USD for Bitcoin just the starting point or a short-term peak?
Will the main players continue to push the price up or suddenly crash it?
If you are still trading by gut feeling, the market will teach you a lesson.
The real winners rely on clear strategies and insights into the intentions of the main players.