Main focus $BTC | Strategy: short on rebound, conclusion first, don't blame me if you lose
$BTC bounced back from 74,900 to 77,263, three consecutive bullish days looking impressive, but the daily gains are shrinking — 9/16 up 1.46%, 9/17 only 0.67%. This rebound strength is like that "really bold" food delivery rider, looks strong but legs tremble when running.
Short in batches from 78,000 to 78,500, stop loss at 79,700 (above the swing high of 79,569), target 75,000 then 74,500, with 3x leverage. The Fed just raised rates and hinted at another hike by year-end, $BTC shorting on the mid-slope rebound, starting with a 2:1 risk-reward ratio, this trade is on.
What madness is happening worldwide
The Fed raised rates by 25bp to 3.75%-4.00% overnight, Chair Powell hawkishly said this is the start of a new tightening cycle, not a one-off insurance, the dot plot hints at another hike by year-end. The Dow plunged 600 points immediately, but Nasdaq futures reversed to green against the trend. This US stock market's hot and cold extremes really fit the "jinx male lead" profile — whoever touches it gets unlucky, but some still don't believe it.
China's three major indices opened lower, Shanghai Composite down 0.36% at midday close, Hong Kong's Hang Seng dropped 0.44% to 24,604. The ECB also raised rates on 9/10, with the three major central banks of the US, Europe, and Japan all tightening simultaneously — the last time this happened was in 2006.
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