After the interest rate hike is implemented, it seems that all markets are rebounding. What is the future direction for cryptocurrencies?
The current market is very interesting,
Bitcoin and Ethereum have both surged sluggishly,
But other mainstream coins have all surged very well,
For example, ZEC, HYPE, SOL. UNI has been boosted by speculation on various public chain coins recently, which has also boosted its gains.
Right now, it feels like Bitcoin and Ethereum are moving randomly within their respective large oscillating ranges,
Other coins are basically all racing to climb higher.
In other words, as long as BTC doesn't break out of its major range of volatility, such as breaking below 75,000.
So for other mainstream coins, it's very safe. ZEC was the first to open up space,
Then I saw all kinds of experts on X boasting about how much profit they've made,
Then there are still people who want to short the stock,
I really don't understand the psychology of those who still short ZEC at this level.
After the rate hike was implemented, all markets (A-shares, US stocks, Korean stocks, gold) rebounded, and the overall direction remained bullish.
Bitcoin doesn't have a good catalyst to move down.
Actually, if Bitcoin really wants to break below 75,000,
I think the best catalyst recently is the expectation of interest rate hikes,
However, recent rate hike expectations have already materialized.
Therefore, it is unlikely that Bitcoin will continue to push downward.
Yesterday, ETF capital outflows were relatively limited,
except for the small net outflow of the big pancake,
Other mainstream ETF funds are either stagnant or in a state of net inflow.
Regarding personal operations:
1. Yesterday, I opened a lot of multiple orders for mainstream coins at once, and currently 90% are in the same position
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