Is the crazy bull market in the cryptocurrency world coming?
The Federal Reserve's press conference last night directly indicated a 25 basis point rate cut and the purchase of $40 billion in U.S. Treasuries, which undoubtedly injects liquidity into the market. Many people don't understand that the Fed's 9 to 3 vote to cut rates today and what the $40 billion in Treasuries means actually signifies that there is more and more money in the market, which normally flows into the cryptocurrency world!
Many people say that a rate cut is likely to be bearish! But yesterday was a surge!
And Long Ge's fans have consistently held onto their BTC at 88,000 and ETH at 3,000, facing two previous bearish instances, but this time it may not be the same!
Some fans are trading short-term ETH, opening long positions at 3,320 yesterday, which surged to 3,450 at its peak, while the most it dropped was to 3,190, meaning it fell by 30 points but gained 120 points, which is definitely a small loss with a big profit!
Do you think it's worth it?
