Unconsciously, another Fed interest rate meeting will be held in 7 days, that is, at 2 am next Thursday.
The interest rate results of this meeting are not what people are concerned about, because the interest rate market has already priced in no interest rate cuts at this meeting. What people are really concerned about now is the subsequent interest rate cut agenda announced by the Fed at this meeting. Whether it will be cut twice or three times this year, everyone is trying to figure it out from Powell's attitude, so every time he speaks, the entire US stock market and the cryptocurrency circle will jump up and down.
Will the cryptocurrency circle rise or fall by then? As far as I know, the interest rate cut in September is a foregone conclusion, and the Fed has the habit of leaking in advance, so I expect Powell to find reasons for the September interest rate cut next week and give the market expectations of interest rate cuts, so his attitude will definitely change from hawk to dove, which should be a high-probability event.
Whether it will be cut twice or three times this year, we can see this through the interest rate market. At present, Wall Street still has a high probability of pricing in three interest rate cuts this year, with a probability of 56.1%, which may exceed the cognition of most retail investors and will be an additional positive.
That is to say, Wall Street traders expect that the Federal Reserve is likely to cut interest rates once at each interest rate meeting after July to stimulate the economy, so rationally speaking, the cryptocurrency market will actually perform better next year.
However, Bitcoin should also start to rise before the election this year, and hit a local high point by the end of the year, such as 100,000 US dollars, and then slowly rise to 150,000 or even 200,000 next year. These are all relatively rational expectations. Of course, some small coins will definitely rise much more. After all, they have a small market value, and any little money can pull them up to the sky, so Dogecoin can also be appropriately allocated.
However, you must not use high leverage when buying at the bottom, especially Dogecoin. Try to focus on spot and 2x leverage. Don't let your greed ruin you. Risk control is the first priority!
