I can’t understand how people are still bearish just because interest rates are being raised, and think the bottom of the cycle hasn’t arrived yet:
1. Trends are a good thing. If you go back and look at BTC’s full cycle, any quarterly candle increase that fully contains the previous quarterly candle’s decline is the first candle of a trend reversal.
2. Most of BTC’s upside happens during the rate-hike cycle. Besides, the rate is already lower than the 2023 peak, and back then BTC was between 25k and 28k. If you believe that a high-rate BTC can’t rise, then you’ll just keep missing out.
#美联储10月加息概率升至69.7%
1. Trends are a good thing. If you go back and look at BTC’s full cycle, any quarterly candle increase that fully contains the previous quarterly candle’s decline is the first candle of a trend reversal.
2. Most of BTC’s upside happens during the rate-hike cycle. Besides, the rate is already lower than the 2023 peak, and back then BTC was between 25k and 28k. If you believe that a high-rate BTC can’t rise, then you’ll just keep missing out.
#美联储10月加息概率升至69.7%