#比特币创下近一月内新高 Bitcoin hits a nearly one-month high: Market analysis and personal trading strategies

Just saw BTC surge to $74,050, a new one-month high. The entire market is buzzing. Let me share my honest thoughts 👇

1. Does Kevin Waugh’s nomination mean increased expectations of interest rate cuts?

I believe this nomination will indeed strengthen market expectations of rate cuts:

- Kevin Waugh’s policy stance is dovish, and the market generally expects him to favor looser monetary policy once in office. This directly benefits risk assets, especially cryptocurrencies.
- But we also need to remember that the Federal Reserve’s decisions ultimately depend on inflation and employment data. The nomination is just the first step; the actual pace of rate cuts will need to be confirmed by upcoming data. Don’t be overly optimistic blindly.

2. At this critical point, should I hold my coins and chase the rally, or prepare to buy on the dip?

My trading approach is mainly holding coins, trying small positions for trial, and avoiding all-in bets on one side:

- Hold and wait for the rally: Keep your core positions, as the trend has already emerged. Don’t sell easily.
- Chase the rally with small positions: Only use small amounts, set strict stop-losses. Around 74,000 is a key resistance level, and a pullback could happen at any time.
- Prepare to buy on the dip: Not considering it for now. The current sentiment is too euphoric, and the timing and extent of a correction are hard to predict. Going short recklessly is too risky.

My plan is: if BTC can stay above 74,000, add a little more; if it drops below 72,000, reduce positions to hedge risks. No betting on one side—survival is the most important.

What are everyone’s current strategies? Holding and waiting for a rally, or already starting to buy on the dip? Feel free to share!