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#中美贸易协商 Bitcoin has currently entered a bullish time cycle, and investors should closely follow the market impact brought by the Fed's interest rate decision.
At 2 a.m. today, the Fed will hold an important interest rate meeting, and the market generally expects a further rate cut of 25 basis points. This policy direction may lead to a transfer of funds in the traditional financial sector. It is worth noting that the gold market has performed poorly recently, while looking back at the week following last month's rate cut, Bitcoin began an upward trend and broke its historical high during the National Day holiday.
With the strengthening of interest rate cut policies, it is expected that more funds originally directed towards the gold market will shift to the cryptocurrency sector. From the current situation, there is a considerable chance that Bitcoin will break through the $120,000 price level again in the last two months of this year.
From a trading strategy perspective, both short-term and medium-term trends are showing a bullish trend. It is recommended to establish long positions at any price level below 112,000 USD, setting 111,000 USD as the risk control point, with the target price initially aimed at 116,000 USD, and after breaking through, it is expected to challenge the 120,000 USD mark.