PCE data next Wednesday and the Federal Reserve's monetary policy summary are also key points.
Macroeconomic background of the market from October 2024 to present: The current cycle of interest rate cuts began in September 2024, coupled with Trump, the new US president with a crypto-friendly attitude, and the possibility of tapering nearing its end in Q1 next year, along with the spot ETF. Although there's been no liquidity injection yet, it is finally shifting from tightening to easing, a new four-year period that is highly anticipated.
The first wave is from now until Q1 next year, then we will see if there will be a US economic recession or other black swans. If so, it will be another 312, followed by a situation similar to that of 2020-21, which will be shared in detail at that time.
If there is no US economic recession and a soft landing occurs, then there will be no 312, and the music will continue to play.
Currently, the market has entered a phase of rotation among various altcoin sector leaders, marking the beginning of the altcoin season.
