I can't bear it anymore! How much impact will the Fed's interest rate cut have on us?
At 2 a.m. on the 19th, the Fed announced a 50 basis point interest rate cut, the first interest rate cut in four years. What does this mean? In the past four years, the Fed has raised interest rates 11 times. Every time the Fed cuts interest rates sharply, it is highly coincident with the shadow range of exhaustion. This is why interest rate cuts are called (signals of economic weakness), trying to stimulate economic recovery by cutting interest rates.
After the interest rate cut, everyone has seen the ending. The US dollar rose, gold rose, and our currency circle was the same.
After this wave of rise in the early morning, the big cake rose from the 59138 line to the high level of 62555, with an overall increase of more than 3,000 points. The white market basically fluctuated back and forth at a high level, forming a bull flag again. The subsequent market is likely to go through a second wave of rises, so we can still participate in the afternoon thinking at a low level!
In the afternoon, Bitcoin was around 61800-61500, with a target of around 63000; Ethereum was around 2400, with a target of around 2450
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