Past data shows that during interest rate cut cycles, Bitcoin usually rises sharply.

From June 2019 to March 2020, the Federal Reserve cut interest rates three times in a row, and Bitcoin rose from US$6,000 to US$10,000 during this period. In the second half of 2023, Bitcoin also climbed from US$18,000 to US$25,000.

Taken together, you can seize the opportunity of the current Bitcoin correction and increase your position appropriately. Because after the FOMC meeting ends and the Federal Reserve begins its interest rate cut cycle, the price of Bitcoin may usher in a new round of surge. This undoubtedly provides investors with a good opportunity to "buy the dip" and is worthy of attention and participation.

Although the short-term price of Bitcoin may fluctuate due to macro factors, the overall trend will remain upward. Some analysts believe that if Bitcoin can stabilize in the $65,000-$67,000 range, it can be regarded as a good buying opportunity.

Of course, this does not mean that the future trend of Bitcoin will be smooth sailing. As the current macroeconomic environment is still full of uncertainty, Bitcoin prices may still experience a certain degree of volatility.