I think even if the interest rate is cut in September, the market will plummet first, and the probability of a rate cut this month is very small.
First of all, I believe that most news cannot directly influence price trends, but the main traders use the news to suppress the market.
1. Currently, the prices of US stocks represented by Nvidia are still high. Buffett's reduction of holdings is a signal of the collapse of US stocks. The Federal Reserve is about to cut interest rates. If US stocks continue to be high, it will be difficult to cut interest rates.
Lowering interest rates means printing more money to save the market, but if the market is already at a high level and the money supply is abundant, lowering interest rates may backfire.
2. The crackdown on virtual currencies in China is increasing day by day, such as the definition of money laundering a few days ago, the People's Court's "Virtual Currency Judicial Disposal Must Be Standardized" and the "Guangqi X Space" in Xuhui District, Shanghai, etc. If the mainland suddenly issues a ban again, the market is likely to plummet again.
Looking back at the end of 2017, many central ministries and commissions called a halt to ICO activities, and Bitcoin fell from US$4,100 to US$2,900.
3. The world situation is tense, and the outbreak of war may further depress the price of Bitcoin. In the early stage of the war, investors may sell a large number of cryptocurrencies to cope with the situation, and the main force may also use panic to suppress the market. The recent events are the best examples.
4. FTX is about to start paying out $16 billion. Do you still remember the plunge caused by the US and German governments selling cryptocurrencies and the MtGox payout? The chain reaction caused by Grayscale's market crash? Overall, there is a high possibility that the market will be suppressed.
This is a time that requires us to go against human nature. At this stage, many high-quality coins are priced so low that many people will choose to buy at the bottom, but it is uncertain when the market will get better.
There is a lot of data and news in September, and the fluctuations are huge. Around the time of the interest rate cut on September 18, the market will definitely fall sharply, and that will be a good opportunity to get on board.
You can pay attention to some popular currencies, such as ORDI, SATS, PEOPLE, etc., and arrange them in batches according to the overall market situation. These currencies are good choices when the market plummets.
Short-term recommendation: $AVIVE
Avive coin is a cryptocurrency based on blockchain technology, which aims to build a decentralized digital asset exchange platform. The platform will provide a safe, transparent and efficient way to trade and manage digital assets.
A small position is used to ambush a small market value coin, Avive, the current price is 0.0029, try to double it. Looking at the historical traces, this coin has been traded at a high price and sold. The daily chart shows that it is at the bottom, and it is cost-effective.
