Tonight, there will definitely be a major market movement! The Federal Reserve's decision will be revealed tonight, and I am optimistic about profiting from short positions on Bitcoin and Ethereum!
The market has basically recognized that an interest rate cut will happen. Just look at the U.S. stock market; what should have risen has already done so. Last night, the prices of Bitcoin and Ethereum also reached a certain level.
Even if the Federal Reserve releases significant positive news tonight, regarding Bitcoin, I think it will depend on the situation during the Federal Reserve Chairman's speech. Overall, even with positive news, Bitcoin is likely to have only a small rebound before falling back again. Looking at the market trend, after the price breaks through the resistance level, it will either pull back after a spike or rise directly, but personally, I am not very optimistic about a direct rise.
Now, let's talk about the market before the U.S. session tonight; it is likely to be volatile. If you currently have a short position (shorting Bitcoin and Ethereum), if Bitcoin's price breaks through 92500 and Ethereum breaks through 3050, quickly close your position to take profits. In this kind of market, you don't need to worry too much about inadequate pullbacks; you will definitely have profits to take.
Tonight, shorting is greater than longing; the core logic is that the market has basically digested the expectation of a 25 basis point rate cut. We need to be cautious of buying on expectations and selling on facts. More importantly, the current market contract open interest is at a historical peak, and the leverage is too high. Once the decision is announced and the positive news is fully priced in, it can easily trigger a rapid correction due to long positions being liquidated.
If the market pulls back because the expectations are realized, it would actually be a good thing for us; it would be just right for positioning, and we might catch a good opportunity. Ah Bai is currently laying low with a potential coin that is highly likely to surge, with an expected range of 7-10 times without issue. Friends who want to follow this big opportunity can directly share 聊天室.
