Since Bitcoin hit an all-time high of $73,000 in March this year, it has always lacked upward momentum. Repeated market declines have gradually dampened investors' enthusiasm, making people wonder whether Bitcoin can still usher in a new round of explosion?
QCP Capital, a digital asset trading company, released its latest report on Telegram yesterday, saying that with the Federal Reserve (Fed) having already said that it is highly likely to start cutting interest rates in September, any pullbacks in the stock and cryptocurrency markets will be short-lived: Powell has been quite dovish in recent remarks, and he has made it clear that it is time to cut interest rates. Although there are only three interest rate meetings left this year, the market currently believes that there will still be four interest rate cuts in 2024.
Feilong believes that any current correction in the stock market and cryptocurrency is short-lived. As Ball and the Federal Reserve start the interest rate cut cycle, the increase in global liquidity will eventually push up the rise of risk assets. We are on the cusp of the storm. Don’t Missed opportunity.
The current market game is still about whether to cut interest rates. This week's assessment of the US economy has the greatest impact on the current trading sentiment of interest rate cuts. Nvidia determines whether technology stocks will explode in the current sensitive stage. For crypto market traders, GDP and PCE are the data we focus on.
In summary, the coming months will be full of expectations for increased liquidity, a recession has not yet appeared, and Trump's political situation is also a factor. Starting from this month, the trading logic of the financial market has changed significantly, especially after Powell's speech, the market direction has become clearer.
After a long bear market, don't give up easily on the eve of the upcoming bull market. Trust your own judgment and don't blindly follow the trend. Holding on or adding positions appropriately are both options to consider. I hope everyone can make wise decisions at this critical moment and welcome the upcoming bull market. Come on! #BTC #英伟达财报 #Telegram创始人获保释
