$ETH 3400 The resistance level can't be broken, let's take profits directly, and for those who haven't taken profits, it's okay because interest rates are going to be cut tomorrow. Right now, the market is just moving ahead of time.
This recent surge is actually not surprising at all, the reasons are clear.
The first point is that the Federal Reserve is going to cut interest rates early Thursday morning. There is only 1 day left until the rate cut, and it's completely normal for funds to speculate in advance. Institutions are now entering the market early to cash in on the good news.
The second reason is the correlation with the US stock market. During this time, US stocks have been moving sideways at high levels, with good news coming in one after another. Last night, US stocks opened lower and then surged directly. Bitcoin and US stocks are essentially tied together; when US stocks move, Bitcoin will surely follow, being pushed up all the way.
The third and most crucial point: Hassert has stated that the Federal Reserve has the space to "significantly cut interest rates." He is a popular candidate for the next chairman, and when this statement was made, it was like giving the market a "super reassurance pill," instantly flooding the cryptocurrency market with funds.
The fourth point is purely a market driven by money: funds are pouring into BTC, with rate cut expectations set, and when sentiment is high, with the market cooperating, it's hard not to rise.
This is not just making a profit of 5000u from a long position; the market is strong, the strategy is right, so why worry about not making money? Only by following the right people can you do the right things, just go for it.
