In the short term, Bitcoin won't experience a flash crash? Will last week's rebound high of 85200 be a secondary peak?
Tomorrow at 2 AM, the Federal Reserve will announce its February interest rate decision. The market is betting again whether Powell will drive down the Bitcoin price this time, as he loves to be hawkish. If the Federal Reserve continues to keep interest rates unchanged, will Bitcoin reach its peak? I don't think so, unless the Federal Reserve starts raising rates, and both CPI and PPI data have decreased. The Federal Reserve has no reason to raise rates and is very likely to restart rate cuts, which would actually be good for the future of Bitcoin.
Therefore, the focus of the market today is the Federal Reserve's interest rate decision at 2 AM. Even if Bitcoin experiences a short-term decline, it is merely an adjustment. Moreover, with today’s rise, it is following the expected trend, as everyone knows there will be no interest rate hike. A cut or no cut won’t lead to a significant drop in Bitcoin; at most, it will just be a pullback.
Guessing tops and bottoms every day is a major taboo in trading. Going with the trend is something everyone understands, but very few can truly put knowledge into action. #美联储3月利率决议
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In the short term, Bitcoin won't experience a flash crash? Will last week's rebound high of 85200 be a secondary peak?
Tomorrow at 2 AM, the Federal Reserve will announce its February interest rate decision. The market is betting again whether Powell will drive down the Bitcoin price this time, as he loves to be hawkish. If the Federal Reserve continues to keep interest rates unchanged, will Bitcoin reach its peak? I don't think so, unless the Federal Reserve starts raising rates, and both CPI and PPI data have decreased. The Federal Reserve has no reason to raise rates and is very likely to restart rate cuts, which would actually be good for the future of Bitcoin.
Therefore, the focus of the market today is the Federal Reserve's interest rate decision at 2 AM. Even if Bitcoin experiences a short-term decline, it is merely an adjustment. Moreover, with today’s rise, it is following the expected trend, as everyone knows there will be no interest rate hike. A cut or no cut won’t lead to a significant drop in Bitcoin; at most, it will just be a pullback.
Guessing tops and bottoms every day is a major taboo in trading. Going with the trend is something everyone understands, but very few can truly put knowledge into action.
#美联储3月利率决议