Big things are coming!!
The turning point of the labor market has increased the probability of the Fed taking preventive rate cuts
We need to pay attention to the non-farm data every Friday in July, August, and early September to verify the trend.
If nothing unexpected happens, the probability of taking preventive rate cuts should be increased to more than 80% (originally 70%).
But this time it is a shallow rate cut for preventive, which will drive the performance of pro-cyclical assets for US stocks, but it is hard to say how much benefit it will have on cryptocurrencies, after all, it is not a flood.
But it is time to return to the market, beware of market dynamics that change in the short term.
