"May is poor, June is desperate, and July is turning around" What stage is the market in now? How to deal with the market? When to buy the bottom? The current market is in a temporary gap-up mood of the Fed's expected interest rate cut speculation. It comes from the remarks made by Fed Chairman Powell in his speech at the last press conference that "interest rate cuts will be considered when the unemployment rate reaches 4%."
The Fed is not positive about interest rate cuts, but crypto market participants are highly concerned about the issue of interest rate cuts because interest rate cuts mean that the economy may be moving in a good direction. However, after the release of last week's data, the market's speculation on interest rate cuts quickly subsided because the data performed steadily and there were no major adjustments or positives.
When to cut interest rates: September is a key node Regarding the question of when to cut interest rates, the current terminal interest rate shows that the data on September 18 shows that the probability of a 25 basis point cut is 48.3%, which is higher than the probability of maintaining interest rates at 525-550 basis points. This makes September the most important turning point. Therefore, I think the possibility of a rate cut in September is the highest.
Interpretation of the June market The market saying "May is poor, June is desperate, and July is a turnaround" points out that for short-term traders, the end of June and the beginning of July is undoubtedly a good time to build a position. Now seize the last quiet time to study hard, understand the project background, technology and team, etc., so as to make wise investment decisions when buying at the bottom. Opportunities are always reserved for those who are prepared. Start paying attention to market dynamics now to get better returns in the future cryptocurrency market.
For long-term investors, don't be anxious because of the market fluctuations. Market changes are often unexpected. Waiting for a big drop may miss better investment opportunities. We should look further and pay attention to the development trend of the entire cryptocurrency market. The interest rate cut is a sure thing, it's just a matter of time. From the perspective of the Bitcoin monthly line, the bull market is still there, and the monthly line is just sideways, laying the foundation for the next wave of increases. Even if there is a callback, $60,000 is the limit, and it may not be reached.
The siphon effect of Bitcoin still exists, and the hot spots of altcoins are also continuing, but with the changes in the cycle and the increase in market leeks, the main force is waiting for the wash and looking for opportunities. What we need to do now is to adjust our mindset: many people doubt the end of the bull market, but the more pessimistic voices there are, the healthier the main force's wash-out is, and a big bull market will inevitably come with just the right opportunity.