September is already halfway through, and this slow market situation is about to end. The day after tomorrow is Mid-Autumn Festival, so I would like to wish you all a happy Mid-Autumn Festival in advance. There are still three days left and the interest rate cut will be announced. Many institutions predict that it will be 50 basis points, but Lao Shan personally feels that the interest rate will not be cut by 50 basis points directly. The United States has always adopted the approach of starting with 25 basis points, then 50 basis points, and then 75 basis points. It is better for the United States to take a soft approach, as it can also better grasp the initiative. After all, it wants to drag down the economies of some countries so as not to affect its hegemonic rights. You can also look at the world as a whole. First there was the Russia-Ukraine war, using Ukraine to drag down the Russian economy, and then the Israeli-Palestinian war to drag down the Middle East economy, which led to a global economic boom, thereby implementing its hegemonic needs and harvesting the global economy to rescue the U.S. domestic economy, so as to prevent the United States from entering a financial crisis ahead of time.
Let's talk about the market. After the big drop on August 5, Bitcoin rose from 490,000 US dollars to 65,000 US dollars for harvesting, and then fell from 65,000 US dollars to 52,500 US dollars. It was so miserable in the middle, and the market was full of wailing. Compared with Bitcoin, Ethereum was also quite miserable. It fell to the lowest of 2,110 US dollars, and the highest in the year was only about 4,000. Normally, after Bitcoin reached a new high, Ethereum should at least break a new high, but American capitalists did not do so. Compared with Ethereum, the altcoin was even worse. When Bitcoin was 20,000, the altcoin was at the lowest. After everyone bought in, Bitcoin reached a new high, but the altcoin did not move much. When Bitcoin pulled back, the altcoin was directly slaughtered. I want to emphasize here that this market is a speculative market, not the traditional market as everyone thinks. They think that buying at a low position will always go up, but the fact is that the coins you bought are still not moving, and you even lose money, while others make a lot of money. Laoshan has also reminded many times Many people could not listen and thought it was still the same bull as before, just like the previous bull, buying randomly and making profits. As a result, many people watched the coins in their hands not move at all. They thought they came to the market to make money, but more than a year later, they did not make any money but lost money. They never looked for their own reasons and just complained about the market. The market is now controlled by Wall Street. Since some institutions such as BlackRock and Fidelity came in, there have been double kills of long and short positions. In fact, it is normal that the market has been changing. Since you have come to this market, you must change your thinking. The dealer wants to reap everyone, so everyone’s thinking must change. Don’t always compare with the previous things. You have to change your thinking and speculate. You can make money only when your thinking changes. Otherwise, you will be giving warmth to the dealer. Everyone comes to the market for one purpose, not to give warmth to the dealer. If you want to give warmth, you might as well put your money in the bank and earn interest. Now even a certain venue in Macau is advertising, which means the economy is really bad. Even retirement has been postponed. Why don’t you change your thinking!
Let's get back to the point. There is no black swan now. It depends on whether the US economy can hold up after the election. The current price of Bitcoin is hovering at $59,960. Now we still need to focus on the upper $62,000 mark, and the lower support is $58,500, followed by the strong support level of $54,000. Now the difference between long and short is not big, and there may be a double kill of long and short. For Ethereum, we still pay attention to the pressure level of 2550 on the upper side and the support level of 2200 on the lower side. The direction will slowly come out on Monday. The cottage industry still needs to wait. The market in October will be better. As for whether the economy can hold up after the election, it depends on who comes to power. This is very important. The opportunity is coming soon. Seize the opportunity to make more money when the bulls come, and save more when the bears come. In this way, you will have no worries and will not retire for retirement! #新币挖矿CATI #比特币挖矿难度创历史新高 #比特币年底能否突破10万美元？ #美国大选如何影响加密产业？ #HamsterKombat
