Let's take a look at the macro aspect. The main rhythm of the market next is the US election.
No matter who wins, the final result will not affect the US's good attitude towards digital currency in the long run, because both Trump and Harris have obviously taken cryptocurrency as a national strategy, and the overall economic data of the United States last week was very good. Even though the manufacturing index is still sluggish, the job market is performing very well, which means that as long as the Fed continues to cut interest rates, the US economy has a high probability of achieving a soft landing.
Since this is the "soft landing in the post-inflation era" moment that the Fed officials want to leave behind, the historical status is quite high! Therefore, the Fed will not ignore the recession risk caused by the high interest rate environment, so I think there will be more preventive interest rate cuts in the future, which will help the crypto market consolidate and rise.
Cryptocurrency has always been a barometer of global monetary liquidity. Next, countries will begin to gradually cut interest rates to release liquidity. The general direction must be firmly optimistic!