The road of trading is long and winding; opening positions can be seen directly from the market. Once the market reacts, gold will soar.
The Federal Reserve signaled this month that after three consecutive rate cuts and lowering the benchmark interest rate to a range of 3.5% to 3.75%, it may reduce the scale of rate cuts next year. However, if Trump appoints a new candidate to replace Powell in May 2026, the situation may change.
Trump has clearly expressed his desire to replace Powell and referred to him last month as a 'complete fool.' Powell's term will expire next May, and Trump stated that he is looking for someone willing to significantly cut interest rates.
Returning to the Bitcoin market, the price has risen today and is now stabilizing above 90,000. As mentioned last night, Bitcoin is expected to rise in the future, and this stabilization above is just the beginning. In my last post, I mentioned that the long-term target this week is bullish at the 94,000 mark; I wonder how many people remember this.
Traders with short positions in the evening can continue to look bullish during the pullback in the 89,500-89,000 range, with the ultimate target in the 94,000-95,000 range. This is a long-term buy, while short-term traders should use their discretion, around a thousand points or so. #BTC☀ #加密市场观察 $BTC
