$BTC After the sharp recent decline in the technology sector and AI stocks following the September rate hike decision.
Traders who made huge profits from the recent decline in the technology sector will gradually start taking profits and closing their Short contracts before the Fed meeting to avoid surprises. Closing bearish contracts requires "buying the currency or stock" from the market, and this sudden buying demand temporarily pushes prices up and creates a false impression of a recovery.
After Bitcoin reaches the 69000 area in the coming hours, it will see a fake rally toward 82000.
After that, it will fall sharply due to the possibility of interest rates being held steady or raised at the Fed meeting on the upcoming December 9, reaching 63000.
#NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #AIChipSlumpNasdaq #CPITestsDecemberRateOutlook
Traders who made huge profits from the recent decline in the technology sector will gradually start taking profits and closing their Short contracts before the Fed meeting to avoid surprises. Closing bearish contracts requires "buying the currency or stock" from the market, and this sudden buying demand temporarily pushes prices up and creates a false impression of a recovery.
After Bitcoin reaches the 69000 area in the coming hours, it will see a fake rally toward 82000.
After that, it will fall sharply due to the possibility of interest rates being held steady or raised at the Fed meeting on the upcoming December 9, reaching 63000.
#NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #AIChipSlumpNasdaq #CPITestsDecemberRateOutlook
