Yesterday, fomc had a good effect, and the market generally interpreted it as the Fed's firm defense of the economy.
Bao Shifu was more cautious in his later remarks. Nasdaq and gold gave up their intraday gains and closed slightly lower. Only BTC was stronger after the US stock market closed.
The consensus expectation is a sharp drop after the rate cut, which does not seem so smooth. So do we have to go against expectations and think that the surge is right?
I don't think so. BTC still lacks a good structure and real innovation to return to the bull market.
