#BTC #FOMC The FOMC meeting at 2 AM will be held. Considering the international situation and interest rate cut predictions this year, here's a comprehensive analysis of the overall trend. Like this post first, then read on. Making money this year isn't difficult; the key is understanding the situation:
- There's a 99% probability of a rate freeze and a 1% probability of a rate hike, which would be the first rate hike in recent times.
- The probability of a rate cut throughout the year is 70%, with a 40% probability of one rate cut, a 30% probability of 2-4 rate cuts, and a 30% probability of a rate freeze.
- Based on the current rate cut pace, it's estimated that Bitcoin will remain in a range-bound market for another six months, mainly between $60,000 and $80,000, occasionally dipping to the $50,000 range.
- In this range-bound market, stick to swing trading, primarily buying on dips, combined with shorting on rallies with narrow stop-loss orders (narrow stop-loss doesn't mean high leverage, but rather a small stop-loss amount).
- Most altcoins continued their downward trend, although some occasionally experienced sudden surges. These highly volatile altcoins are not beginner-friendly, but they are key targets for our community. Liquidity and volatility are essential for profit potential.