Tomorrow the Federal Reserve will cut interest rates! Will Bitcoin skyrocket? Will Powell announce a large-scale printing plan? By the way, let's talk about the opportunities for ZEC and BCH.

Right now, the market is most concerned not about the interest rate cut, as it is already 100% priced in. What the market is concerned about is

1. Whether the Federal Reserve will announce a large-scale plan, commonly referred to as printing money, and

2. Powell's speech.

It is possible that the announcement of the printing plan will happen; I estimate that the probability of it being implemented in March is quite high, depending on the economic situation.

Regarding subsequent interest rate cuts, I am quite sure that Powell will most likely take a hawkish stance, and the probability of a rate cut in January is very low. The only variable is the start time of the first printing plan; if it happens sooner, it will indeed give the market a surprise.

ZEC has started to rebound crazily from 300 and is currently at the first line of defense near 420. However, we successfully shorted it down to 300 before. This time, I tend to be more conservative and will place short orders at the resistance of 450-460; if it reaches, I will short it, if not, I will short other coins, very relaxed.

BCH is also declining again at the strong resistance of 600. We shorted it last week, from 600 down to around 550. This time, we have shorted it again and are already in profit, hoping to successfully take short-term profits near 550, such as at 560.

In the long run, BCH can actually be held onto, as there is still quite a bit of downward space. It just depends on when the bulls will take profits; its price will collapse just like ZEC.

ZEC took us nearly a month to short down, and BCH may not be so quick either. The whale needs to attract enough bulls before starting to reverse and reap profits. Our operations in the past few weeks have been quite profitable, and I hope everything goes smoothly this time too~$BCH $ZEC