Last month, Bitcoin fell below 60,000. As a result, the news said that the number of US jobs was lower than expected, inflation was shrinking, and it was expected that there would be a rate cut in September, with a total of two rate cuts this year. Then Bitcoin pulled up to 64,000, and all those who shorted 10 times at the bottom were wiped out. Now it has reached 70,000 again!
Is this really just because of the employment data and interest rate cuts?
Are those who have the power to release news making a lot of money from this?
At this time, they use leverage, and as soon as the news comes out, those who short sell will be harvested.
Those who had previously invested 70,000 yuan in long positions were liquidated as soon as news of severe inflation, no interest rate cuts or even interest rate hikes this year came out. It can be seen that the market is very fragile. One piece of macro news can cause the market to rise or fall by 10%, and the altcoin to rise or fall by 30%. Can a rate cut really make Bitcoin rise? Can a halving make it rise?
In fact, they are just excuses, statements given to people who don’t know the truth.
It is not the interest rate cut that makes Bitcoin go up, but the interest rate cut comes after Bitcoin goes up. It is not the halving that makes Bitcoin go up, but Bitcoin goes up when it is halved. Bitcoin did not fall below the 120-day moving average, not because it is a support level, but because smart money does not want to give away chips anymore.
Those analysts who make a lot of sense based on the Yin-Yang line analysis are all useless methodologies. Some people say that I am talking nonsense when I say that interest rates will be cut only when the price of the coin rises. Let me explain it slowly.
Bitcoin has risen a lot, better than US bond investment, earning 5% a day, there is no reason to put funds in US bonds. Bitcoin ETF was only passed this year, because Bitcoin was weak before and Wall Street looked down on it. Now that CZ is eliminated and the big exchanges fall into the hands of Americans, they can play with it.
The reason why the interest rate is not lowered now is that the potential is not enough, and the assets of other countries have not been harvested yet. When the US dollar lowers the interest rate, it will go to the world to buy low-priced assets, and Bitcoin is one of them, but the potential is not enough now. Many people who buy at the bottom are smart money buying in advance. Those well-known people shout orders for Bitcoin because they have positions, while people like Talab and JPMorgan Chase CEO have been dissing Bitcoin because they sell it or have no positions.
If Bitcoin breaks through 100,000, interest rate cuts will definitely come, and money will flow into Bitcoin, pushing it to 200,000-300,000. 100,000 is a psychological barrier. Money from interest rate cuts will have nowhere to go and will be attracted to Bitcoin. In addition to Bitcoin, are there other assets that can absorb the money from interest rate cuts?
Bitcoin has accomplished its historical mission, locking in the money release and fighting against fiat currency inflation. If Bitcoin does not rise, the money from the interest rate cut will not go there. It is because of the rise that money is attracted.
The past decade has been an era of speculation in virtual assets. This year and next year may be the first year of speculation in virtual assets. Bitcoin is the representative. Smart people will not miss the opportunity. They will not speculate in US stocks, gold, etc.
Want to know more about the first-hand information and in-depth analysis of the cryptocurrency world? Click on the avatar to follow us
, bringing you the latest market analysis and high-quality potential currency recommendations every day
