Last night, Bitcoin once rushed to around $60,000, and market volatility gradually increased, which is closely related to the upcoming interest rate cut. However, the Fed's first interest rate cut is not worth paying too much attention to. Interest rate cuts are good for the market in the long run, but short-term ups and downs are possible. Whether it is a callback after the good news is implemented, or a callback has not arrived, or whether the first interest rate cut surges or not, it will not change my view on the general trend: the long-term trend of the market is still spiraling upward.
From the overall trend, the market still maintains a bull market trend and is expected to set a new record high. Especially those altcoins, most of which are currently at the bottom area of the weekly level, are ready to go, and may break through at any time. Once these altcoins break through, it is very likely to trigger a large-scale rally.