All eyes were on the CPI and FED interest rate announcements yesterday; everyone expected the rate to be dropped, the market to boom, and we would all profit.

Their forecasts were true, and they made the wise decision to invest in #Bitcoin at $61,000 and sell at $65,000.

However, keep in mind that the market is mostly driven by major whales and institutions. They will react in a way that contradicts your expectations.

That is why you must learn the market and how to interact with other large whales. If you find this approach, you will undoubtedly make a large profit.

When everyone expected Bitcoin's price to skyrocket following the rate cut, whales and other institutions planned to crash the market.

No doubt, this positive news will have an impact on the market, but not in the short term. The price will undoubtedly rise in the long run, but for the time being, institutions prefer to buy at the lowest possible rates.

What they do is dump the market despite the positive news. The price of Bitcoin decreased by more than 4%.

All those that traded with huge leverage at $61K for long positions are now wailing since the market did not meet their expectations.

This is to keep in mind that another FED announcement is expected in September, and the interest rate will most likely be reduced.

That will be the period for market movement, and the price of #Bitcoin will rise.

For the time being, the price of #Bitcoin will remain between $55,000 and $60,000.

One thing to remember when trading or investing for the short term is that the market is your actual opponent. Treat it as your enemy and plan appropriately.

You may have noticed the enemy's plans against you. Avoid thinking that just because there is good news, the price will rise from here.

Rather do the reverse, as happened yesterday. This is the only way to succeed in this market.

I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

TWITTER TELEGRAM HIVE WHATSAPP DISCORD

IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
IMAGE SOURCE

REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.