Looking back at this wave of gains, it was mainly because a large number of KOLs and market makers postponed the interest rate cut originally scheduled for September to July, causing many coins to rise in advance, that is, the early release of favorable conditions.

Now there are different voices in the market. The previously expected July will not only be postponed to September as originally scheduled, but may even be postponed to December or next year. This is a heavy blow to short-term speculative traders and directly leads to the early profit-taking of early profits.

Delaying the interest rate cut will definitely lead to the short-term profit of bulls. Unless the coins that are deployed in advance are early bottom layouts, there is a high probability that they will be returned to the principal. Under the continuous selling and a large number of fud remarks, they have caused mutual trampling, and the price has been stepped on to a drop that should not have been originally.

Wednesday night may be the most critical data. Let the last panic selling end, a cyclical bottom appears, and it will start to rebound upward again. Unless the Federal Reserve announces a rate hike plan, the market will definitely panic. But with the general rate cuts in Europe, this is almost impossible.

This news is not without benefits. At present, expectations have been lowered, and the news of rate cuts can only be good. During this period of time, the market can be repaired, and finally reach a new height after the interest rate cut is actually implemented. $BTC $ETH