12.11 Morning Market Overview: Federal Reserve Cuts Rates by 25bp + BTC Short Position Profits of 3100 Points #美联储FOMC会议 $BTC
BTC opened higher this morning with upper and lower shadow candlesticks, mainly experiencing downward fluctuations during the day.
Early this morning, the Federal Reserve announced a rate cut of 25 basis points to 3.5%-3.75%. Powell did not make overly hawkish statements, stating that the weakness in the labor market is the main reason for the rate cut; according to the dot plot, there is a high probability of another rate cut in March next year.
I didn't monitor the market overnight; however, I set a short position at 9.42 on the left side. T1 target was reached, T2 set at 9.09, and just closed at 9.11 with a total profit of 3100 points, which captures the entire decline from this rate cut meeting; when trading, do not follow blindly without adapting, being flexible is the truth.
The current market sentiment is generally bearish, let's wait and see how the market consolidates and recovers today; 24H total liquidation across the network is 359 million USD, long positions 223 million, short positions 135 million;
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