Bitcoin / TetherUS

The positive factors for BTC are losing momentum

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Market Overview: After the Fed announced its rate cut yesterday, the price briefly rallied but failed to surpass 95K, then fell to around 90K and consolidated.

Macroeconomic: The rate cut's positive impact has been realized, and the previously anticipated RMP (Rate Monetary Policy Committee) has materialized. Currently, Japan, Australia, and Europe all have rate hike expectations, with Japan already implementing its rate hike. Therefore, even with the Fed's easing measures, the effect will be very limited.

Technical: BTC is still within a consolidation range. Market makers are likely to continue shaking out weak hands. Therefore, even if you hold a medium- to long-term bearish view, you should pay attention to position control and take profits promptly.

Personal Position Status: Futures: Short position at 90K with a 30% profit target, stop-loss moved down to 92K, continuing to bet on a medium- to long-term decline. No additional spot positions.

Good luck to everyone.

The above are personal judgments and do not constitute investment advice.

Keep learning, plan your trading, and practice what you preach.

Thank you for your attention.

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