The Federal Reserve Board of the United States announced on the 18th that it would lower the target range of the federal funds rate by 50 basis points to a level between 4.75% and 5.00%. This is also the first interest rate cut by the Federal Reserve in four years. Later, veteran actor Powell said in his speech that the US economy is strong and there is no problem of economic recession. After the news of the interest rate cut landed, the market ushered in an upward trend as expected, sweeping away the dark bears that were hanging over his head last night.
Bitcoin has also risen by $3,000 and is currently hitting the 4h level pressure line. I plan to wait for a secondary high or a new high to consider doing a short position. It is expected to be around 62,500. The price-performance ratio is not bad. If it goes down directly and starts to pull back, then look for opportunities to buy more.
The interest rate cut cycle officially begins today, which will bring explosive impacts to the world's four major assets: bonds, foreign exchange, stock markets and real estate markets! Starting today, the global iron order and global capital will usher in the biggest turning point in destiny since the financial crisis in 2008!
Every time the interest rate is cut in history, it is highly consistent with the time when a new round of wealth reshuffle begins in China! Although we are at a low point now, we may face big positive lines in the future. In fact, wealth is a compensation for cognition. Whoever can recognize the underlying logic of the Federal Reserve will have the opportunity to complete class transition in the next round of welfare wave.
According to common sense, the beginning of an interest rate cut cycle also means the beginning of a Bitcoin bull market cycle. After three or six months of interest rate cuts (early next year), it will most likely enter a relatively high bull market development stage.
Comparing the liquidation maps before and after the interest rate cut, now that one more condition for the start of the altcoin season has been met, we should choose altcoins with hype expectations, pay attention to the hot spots of the sector, and follow the flow of funds. It can be said that the hard days are over.
$SUI, $SAGA, and $FTM on the L1 track have all broken through the bottom oscillation range and started to rise strongly. After the Fed's interest rate cut cycle started and the interest rate was cut by 50 basis points in September, the macro uncertainty factors in the crypto market have decreased, liquidity will also improve, and market sentiment has begun to turn positive. After the L1 track took the lead in starting the upward trend, it is expected that other tracks will gradually follow suit.
Can this year's wave recreate the glory of 2021 and 2017? It's okay to ask for 10 times instead of 1,000 times, right? In fact, if there is still 10 times of one-tenth of the last round, then the surpassing is 100,000 times!
Only use strength to speak, and use value to reflect! We will help you control the position accurately and grasp the profit. When the market is good, you can make money no matter how you play, but you must know that the market will not always be good! ! ! When to buy and when to sell in the market is important. If you want to get higher returns, the choice is yours, and choice is greater than hard work!
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