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Someone asked Feilong, why have you been bullish all along?
Next, let me briefly explain this issue!
1. I am a believer in bullish traders! Since 8.5 this year, I have been bullish on the entire market and have not changed my position until now.
2. The year of Halving is often the beginning of a bull market! Looking back at the BTC market after each Halving, it usually experiences a period of consolidation and correction for about six months, and then starts a one-way bull market that won't look back!
3. The start of a bull market in the year of interest rate cuts! Since the Fed announced a 50 basis point rate cut on the 19th of last month, it marks the beginning of the interest rate reduction cycle, and the market's Liquidity slowly becomes ample, a significant point shaving from the interest rate cut, and a pump-priming will definitely flood into the crypto world!
4. Election year, the boost of the bull market is coming! There is less than a month to go before the US presidential election, which is also important for the crypto world! Although both Trump and Harris support the BTC and blockchain industry, Trump loves cryptocurrency more than Harris!
5. During the Bull Market, it is not suitable to be bearish! Perhaps many people think that this round of Bull Market has already ended, and the high point of this round of Bull Market is over $73,000. There will be no alt season in the future. These thoughts or opinions are normal, but Feilong still believes that there is still a Bull Market and an alt season. After all, everyone has different positions and different environments, so it is normal to have different opinions on the same thing!
Summary: I'm not just looking in one direction, but it's not time to be bearish yet! I also know that BTC cannot rise all the time. At least when the Bull Market is almost over, I will switch from bullish to bearish! The time to be bearish should be at least in the second half of next year, or when the next round of Fed rate hikes begins, then I will go bearish! Otherwise, just keep being bullish! #BTC