Express personal opinion:

In the first half of the year, there were bloody chips everywhere. Now entering the second half of the year, this situation is expected to continue until the interest rate cut this year. It should be noted that the passage of ETFs is not the biggest positive. The real positive is the large amount of money released by the interest rate cut!

The Federal Reserve has been raising interest rates for more than two years. It intended to harvest the world, but it did not expect that the world was de-dollarizing, and was instead hit back by high interest rates. The Federal Reserve holds a large amount of US dollars. If it cannot harvest other countries, these US dollars will become waste paper. Only by expanding the balance sheet + cutting interest rates and letting these "waste paper dollars" flow into the capital market (such as the stock market, futures, gold and silver, oil, and the currency circle) can they be converted into capital.

Now all parties are holding their urine to see who can't hold it first. Personally, I think the Federal Reserve must cut interest rates in the second half of this year, and once the interest rate cut is started, it will continue.

Summary: Everyone is holding their urine, and we who play coins are also holding our urine. If you can't hold it, you will cut your meat, but if you can hold on, there will be a comfortable moment in the future. When the tide recedes, the bloody chips will become extremely valuable.