Tonight, BTC suddenly surged, jumping directly from around 90,000 to 94555. Many brothers asked me what was going on. In short: it's all because of the expectations of the rate cut, this surge is very clear!
First, let me talk about the first reason: the Federal Reserve is expected to cut interest rates early Thursday morning. The market has known about this for a while, but recently Bitcoin dropped to over 80,000. Now, with just a few days left until the rate cut, it's completely normal for funds to speculate on 'expectations' ahead of time — just like rushing to buy goods for the New Year, the earlier you buy, the more you earn. Institutions have entered the market early to drive prices up and realize those expectations in advance.
The second reason is related to the US stock market: recently, the US stock market has been hovering at high levels, with a slew of positive news. Tonight, after a lower opening, the US stock market surged directly upwards. Bitcoin and the US stock market are like two sides of the same coin; when the US stock market rises, Bitcoin will definitely follow suit, benefiting from the rise of the US stock market.
The third point is the key news: Hassett hinted tonight that the Fed has room for a 'significant interest rate cut' — this guy is a strong candidate for the next Fed chair. His words are equivalent to giving the market a 'super confidence booster,' and funds have rushed into the crypto space as if they have gone crazy.
The fourth point is that money is piling up: Recently, money in the market seems to be thrown into BTC as if it's worthless, betting that the rate cut is a good thing. Once the funds accumulate enough, if the market cooperates, a price increase will happen in a matter of minutes.
Today I called for a long position around 90,000, added to my position at 90,400, and aimed directly for 94,000. As a result, it peaked at 94,555, and this long position directly made a full profit — to be honest, this market is just 'picking up money with a clear card.'
The Fed's interest rate cut is just around the corner, and I have already prepared my medium to long-term layout. Next, I will focus on the market trends after the rate cut is implemented, and if there is an opportunity, I will call everyone to get on board.
