Comparison of trends before and after interest rate cuts:

Before September 18 last year, #BTC was in a fluctuating market, with a low point reaching 49,000. Later, on the day of the interest rate cut on September 18, it returned to 61,700, and afterwards it broke through new highs strongly all the way until December 18, the day of another interest rate cut, when it peaked at 106,500 and then began to plummet, reaching a low of 89,000. The market rallied in two waves until January 20, when it formed a double top at 110,000, and then it fluctuated downwards for nearly three months until it bottomed out at 74,500 on April 7 this year. So far this year, the interest rate cut in September is 100% certain. The market has already broken through new highs and started to move in the direction of interest rate cut expectations. I have experienced several bull markets before, and once it starts to break through the previous major top here, combined with the phase of interest rate cuts, it will continuously show a strong upward trend. When the interest rate was cut on September 18 last year, there were no new highs, but now there are still two months until the interest rate cut this year, and it has already reached a new high by a margin. I believe this may be related to many institutions similar to 'micro-strategies' entering the market this year. Dozens of institutions have announced their entry to purchase various cryptocurrencies, which is a huge influx of capital. Regardless of whether the interest rate cut in September is at a peak or not, at least before the interest rate cut in September, it is clear that there is a strong bullish trend. During this nearly two-month period, one must dare to take large positions to go long and fully capture the rare trend profit.

I have been shorting junk altcoins whenever they peaked, but that was during a fluctuating market. Recently, I've noticed that even shorting junk altcoins has become very difficult. This situation typically occurs only in a strong trend after breaking new highs. Therefore, I decided to adjust my strategy in a timely manner, cutting losses on my short positions in altcoins with a small loss of 3%, and for now, I will not short junk altcoins, but instead buy Bitcoin on dips. I will wait until September when the peak is reached to short junk altcoins again.

Trading is just like that; there is no perfect strategy. When the strategy is effective, go all in; when it is ineffective, just hold on and survive first, then adjust in a timely manner. Only by having an objective understanding of the overall market and a thorough understanding of your own model, knowing where your circle of competence lies, and understanding what kind of strategy suits the current market, should you implement that strategy. I believe we will see new highs soon!