According to the data of the previous two rounds of cyclical market, sit tight and take off immediately?
The most important thing about the US interest rate cut is whether it will trigger a US recession, thereby causing the US stock market to collapse, and BTC will not be able to escape the disaster. However, judging from the performance of the Nasdaq after the interest rate cut, there is no sign of recession. It can be determined that the US stock market will not fall in a recession this time.
The 50bps interest rate cut on September 18th came as scheduled, and it is expected to continue to cut interest rates by 50bps by the end of 2024. In the macro sense, the US dollar reduces the cost of funds. The EMA20 daily and weekly lines both break through the state at the same time. The price has been out of the vicinity of the mining machine cost price, and the sentiment index has also returned to the normal 72. The overall market is in the middle and late stages of the bull market. In addition, indicators such as the index, bull market index, network unrealized profit and loss ratio, and NUPL indicate that the final sprint of the bull market is coming soon!
BTC/ETH spot ETF: The US spot ETF has been passed as scheduled, which is equivalent to opening a tap, pouring water into the cryptocurrency pool 24 hours a day, and the price of BTC has also risen with the water. A very important idea in investment: end game thinking. The end of this round of BTC bull market will sooner or later reach $100,000, and the end of ETH will reach $10,000. Make friends with time, and time is on the side of HOLDers!
Positive overlap: The biggest positive of this round of halving cycle, spot ETF, is not only nominal, but will actually bring funds to the US stock market. Combined with the Fed's interest rate cuts and BTC halving, the biggest increase in this round of bull market should be in 2024, focusing on the profit-taking time points in February and June of 25!
