There are only three days left before the Fed announces its decision in the early morning of December 11. The market is most concerned about interest rate cuts.
Interest rates have been cut twice this year. Looking back at the data, Bitcoin did not give a good face after each interest rate cut: on September 17, it fell 7.8% from 117,900 to below 108,600; On October 29, it was even more ruthless, with 113600 falling below 80600, a drop of nearly 30%.
This rate cut is basically a certainty. But referring to the trend of the previous two times, the market after the interest rate cut may not be too friendly. If you still have multiple orders in your hand, you really have to pay attention to it - don't let floating profits turn into floating losses.
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There are only three days left before the Fed announces its decision in the early morning of December 11. The market is most concerned about interest rate cuts.
Interest rates have been cut twice this year. Looking back at the data, Bitcoin did not give a good face after each interest rate cut: on September 17, it fell 7.8% from 117,900 to below 108,600; On October 29, it was even more ruthless, with 113600 falling below 80600, a drop of nearly 30%.
This rate cut is basically a certainty. But referring to the trend of the previous two times, the market after the interest rate cut may not be too friendly. If you still have multiple orders in your hand, you really have to pay attention to it - don't let floating profits turn into floating losses.