The Federal Reserve cut interest rates by 25bp + BTC short position profit of 3100 points
Early this morning, the Federal Reserve announced a 25 basis point cut 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; from the dot plot, there is a high probability of another rate cut next March
I didn't monitor the market at midnight; however, I had a short position at 9.42, T1 target reached, T2 set at 9.09 and just closed at 9.11 for a total profit of 3100 points, which means I captured the entire decline from this rate cut meeting; when trading, do not be overly rigid, flexibility is the key to success
The current market sentiment is overall bearish, let's wait and see how the market consolidates and repairs; 24H total liquidation across the network is 359 million USD, long positions 223 million, short positions 135 million;
