The trading journey is long, and opening positions is just a matter of looking at the market. Once the market moves, it can yield great rewards.

The Federal Reserve signaled this month that after three consecutive rate cuts, lowering the benchmark interest rate to a range of 3.5% to 3.75%, it may reduce the scale of rate cuts next year. However, once Trump appoints a new candidate to replace Powell in May 2026, the situation may change.

Trump has clearly expressed his desire to replace Powell, calling him a "complete idiot" last month. Powell's term will expire in May next year, and Trump stated that he is looking for someone willing to significantly cut interest rates.

Returning to the Bitcoin market, the price has risen today and is now stabilizing above 90,000. I mentioned last night that Bitcoin is set to rise in the future, and this stabilization is just the beginning. In my last post, I stated that the long-term outlook for this week is bullish at the 94,000 level. I wonder how many people remember that.

Traders holding short positions can continue to look bullish in the 89,500-89,000 range on a pullback, with the ultimate target being the 94,000-95,000 range. This is a long-term bullish outlook; short-term traders should manage their own positions, around a thousand points or so.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value. He shares trading education for free, bringing stability and clear guidance in the restless trading market, with experience spanning three bull and bear cycles and years of trading practice. He specializes in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, compiling them into his unique insights.

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