After Biden announced his withdrawal from the election, he immediately pushed Harris out. His support in the polls rose sharply in the short term. Even if Trump, who is in the limelight, can enter the White House again this time, it will be full of twists and turns. The point is that it is hard for retail investors in the cryptocurrency circle! The stronger the certainty of Trump's election, the more room for imagination for the strong upward trend of the crypto market. On the contrary, short-term uncertainty will continue to increase, and the market is confused.
Reuters released a survey data yesterday that Sanshu felt was quite substantial. 73 out of 100 economists expected the Federal Reserve to cut interest rates by 50 basis points this year, 13 believed that the interest rate would be cut by 25 basis points, 11 believed that the interest rate would be cut by 75 basis points, and 3 believed that there would be no interest rate cut. It can be seen that at least two interest rate cuts have become a market consensus, and the first one is expected to take place in September.
At the Federal Reserve's interest rate meeting next Tuesday and Wednesday, Powell is likely to make a dovish speech to pave the way for a rate cut in September. In any case, before the interest rate cut is officially implemented, the certainty of the positive is often accompanied by various forms of market crashes by dog dealers at any time. How will the short-term market fall? It is difficult to give an accurate answer based on technical logic, but how will the cyclical market go? The market has not changed its direction.
Don't be too pessimistic. Grayscale's market crash of Ethereum has been said a long time ago, and everyone understands the long-term benefits of ETFs. If you shipped before yesterday, just wait until Grayscale's inflows and outflows are almost balanced to take it back. If you haven't shipped, let's review the sharp change of Big Pie ETF from 38,500 points to 73,900 points in two months after Grayscale's shipments fell for two consecutive weeks.
Lower your expectations. All experiences are gifts. Don't let the garbage time of the market consume your emotions. Rebounds have their own hardships, and declines have their own scenery. Look forward to the expected cycle and wait for the market.
