Recently, the US announced the unemployment rate, which dropped from 4.3 to 4.2. In general, it is good news.

It proves that there is no problem with the US economy, but the market is still very worried about economic contraction. Some large institutions cannot take this risk, so they have taken some defensive measures.

This is a normal choice for a normal institution.

In general, from all aspects of data, the probability of a soft landing of the US economy is very high, which means that Bitcoin is likely to break through 70,000 in September or October.

This is the forecast given by some institutions in the market. Of course, there are also bearish ones, and there are still many. Thirteen, as a firm bull, agrees with the former.

Mrs. Yellen also said that the US economy is currently in a deep recovery, and the Fed’s interest rate cut this month is basically a foregone conclusion. The only difference is whether it is 35 basis points or 50 basis points.

Thirteen believes that the probability of 25 basis points is higher. After all, it is not easy to control inflation through interest rate hikes, and the interest rate cut cycle must be slowly explored.

Based on the above, it will be greatly beneficial to the stock market and the currency circle.

Don’t think the market is dead now. Once the major ETFs start to flow in continuously, it will only take a moment to push the price up.

Although the market is not good recently, stablecoins are still increasing steadily, which at least shows one thing, that is, investors’ investment demand is slowly increasing. As long as there is no nuclear bomb-level negative news, it is almost certain that it will break through 70,000 in September or October.