Today’s Password on August 2 - Can the interest rate cut bring recovery to the crypto community?
The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 78%. The next interest rate announcement will be on September 19, which is still a month and a half away. Although the probability of a rate cut is not 100%, this is the third major positive expectation after the approval of the ETF and the halving. Regardless of whether the interest rate is cut or not, this one and a half months is enough for bulls to do a lot of things.
This wave first rushed up to 70,000 points and then plunged to 62,302 points, a perfect long and short explosion. The lowest point of the big cake yesterday was 62,302 near 65,000, and then it was pulled back to above 65,000 points at lightning speed before most people reacted. The current price is 64,100. Harvest a wave of high leverage to reduce the burden for subsequent pull-ups. This operation is to prepare for another rise in the future market, so don't worry if you are trapped. After the spot shock, this wave of breakthrough 73,777 will be 80,000-90,000. At that time, whether it is a copycat or a mainstream, it can return to the price you are satisfied with!