Several major positive factors in 24 years have laid the foundation for the continuation of the bull market. The next few months will be the spring of altcoins:
(Strategy Cooking Night)
1. In May, the Bitcoin L2 network stack will undergo a "Satoshi Nakamoto" upgrade, and Bitcoin focuses on technological progress and application expansion.
2. Ethereum spot ETF is expected to be approved in May, further promoting Ethereum's market position and influence.
3. The US presidential election will stage a battle for votes in the crypto field. In the final, Kennedy boasted that if elected, he would invest the entire US budget in the blockchain field and draw a grand blueprint for the future of cryptocurrency.
4. The Federal Reserve expects to cut interest rates twice this year. This move will undoubtedly attract more traditional financial funds to flow into the currency circle and inject new vitality into the crypto market. We don't have to worry too much about the Fed's interest rate cut policy.
It's still a few months away from the end of the year, and the number of interest rate cuts is still difficult to predict. However, the views of BlackRock's investment officers provide us with valuable reference. Rick Reed, BlackRock's chief investment officer for global fixed income, believes that the Federal Reserve has room to cut interest rates twice this year.
There is nothing to analyze about the technical indicators at present. It fluctuates sideways, and the copycat is rebounding and falling. If it continues to fall, buy in batches. Now it is considered the bottom range, and the price is very beautiful.
