Is the market rebound really good before the interest rate meeting?

The retail data released tonight is not as good as the previous value at first glance, but from a broader perspective, it actually shows good expectations. Then Nick's speech led everyone to believe that a 50 basis point interest rate cut is likely to occur, which undoubtedly injected confidence into the market and led to its price increase.

However, US stocks began to show a decline in sentiment in the second half of trading. Because the market is about to face the implementation of the expectation of interest rate cuts, investors are hesitant about the future direction. At the same time, BTC also fell slightly after hitting the daily resistance, showing the existence of market pressure.

At present, the market's expectations for a 50 basis point interest rate cut are quite high, with a probability of 65%, becoming the main driving force of the market tonight. However, whether this upward trend before the upcoming interest rate meeting is sustainable is worrying. BTC's decline after the daily resistance level indicates that more key daily indicators need to be broken in the future, such as 63,000 of MA120 and 64,000 of MA200.

In addition, when the market's expectations for a 50 basis point rate cut reach a climax, once tomorrow's interest rate announcement is indeed a 50 basis point cut as expected, we need to be alert to whether a worse situation will occur.

Tomorrow will be a day of great market volatility.

According to past practice, Nick's forecast has laid the groundwork for the possibility of a 50 basis point rate cut, but this does not mean that the final result will definitely be so. #币安上线NEIRO #新币挖矿HMSTR #美国大选如何影响加密产业？ #加密市场反弹 #美联储利率决议公布在即 $BTC $ETH $BNB