Currently, the entire market is betting on a rate cut in December. After the US stock market yesterday, Bitcoin surged strongly, and today it is expected to once again rally on the back of the interest rate cut. Once the rate cut is implemented, it will be bullish, so tonight's move is likely to be a rise followed by a fall.
Observers:
You can consider entering with a small position around 9.18, aiming for the 9.3-9.35 range. Those holding long positions should manage their risk carefully. #BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Currently, the entire market is betting on a rate cut in December. After the US stock market yesterday, Bitcoin surged strongly, and today it is expected to once again rally on the back of the interest rate cut. Once the rate cut is implemented, it will be bullish, so tonight's move is likely to be a rise followed by a fall.
Observers:
You can consider entering with a small position around 9.18, aiming for the 9.3-9.35 range. Those holding long positions should manage their risk carefully. #BTC