The interest rate cut frenzy has come to an end! What is the next focus in the cryptocurrency world?
Each coin surged a bit during the interest rate cut last night, but coins like Ethereum and Doge did not break their previous highs. Even Bitcoin, which is strong, only slightly broke its previous high but did not hold it. I remain cautious about the viewpoint that prices will surge after the interest rate cut. I am still worried that the good news might have reached its peak and a correction will begin, or at least some consolidation. Let's wait a few days before making any conclusions.
However, after the consolidation, I think October and November might see another wave of market activity, as these are traditionally strong months for the cryptocurrency market, especially from late October to November, with an average increase of 20%. This should be the last wave of this cycle in the cryptocurrency market.
Next year there will be a significant retracement, after all, various cryptocurrencies have already risen 5-10 times compared to the bear market in 2022. There is no infinite rise, no eternal bull market. The real opportunity for wealth is actually in the bear market, where you can pick up gold everywhere.
So in October and November, remember to run after completing that wave, otherwise you'll be hung on the mountaintop, as shown in the picture. Shuqin had everyone clear out all SOL when Trump was inaugurated in January. Although it wasn't sold at the highest point, after that it dropped to 95. At that time, many didn't listen, and the little bear really came. By the end of April, there was gold everywhere and you couldn't pick it up.
In fact, there’s no need to pursue extremes in spot trading. Just sell at a comfortable position. For contracts, we will open orders at key support and resistance levels. The risk-reward ratio and win rate are quite favorable. One order a day, slowly becoming wealthy...
