November 3 Long-term Analysis: 75000 Has Arrived, How to Treat the Market Going Forward?
With the results of the U.S. election settling, tonight the financial market's focus will shift to the Federal Reserve's decision-making meeting.
Insiders reveal that the Federal Reserve plans to cut interest rates quarterly until the federal benchmark rate drops to 3.5%. This undoubtedly brings positive news to the cryptocurrency market and may trigger a new round of increases.
Tonight, it is crucial to pay close attention to the direction of the Federal Reserve's statement. In the grand macro picture, I personally remain optimistic about the sustainable mid-to-long-term upward trend in the large cryptocurrency circle.
However, one must still be cautious when operating and manage risks well. After all, market trends can change rapidly, and being prudent is the key.
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