The Federal Reserve unexpectedly cut interest rates by 50 basis points, and the stock market soared to 62,000 after the US stock market closed.

The United States finally couldn't hold on any longer and began to cut interest rates. At 2 a.m., Powell announced that the Federal Reserve would cut interest rates by 50 basis points, not the expected 25. It was indeed unexpected that the first rate cut was so big. Gold, BTC, and U.S. stock indexes all rose after the announcement and then fell.

However, BTC surged above 62,000 after the U.S. stock market closed. The U.S. economy is indeed in recession, otherwise the first rate cut would not have been so big. The old abalone is still insisting on a soft landing, but his actual actions have betrayed him.

Judging from the dot plot, the Federal Reserve will cut interest rates by a cumulative 50 basis points in the next two months. That means a 50 basis point cut in one month of November or December and keeping it unchanged in the other month, or a 25 basis point cut in both months.

Next year, the interest rate will continue to be cut by 100 basis points. Powell said that if he knew that the unemployment rate was increasing, the interest rate should have been cut in July. At present, liquidity still needs some time. In October and November, both Bitcoin and Ethereum will completely withdraw their positions.

Back to today's market analysis: From the K-line, the 1-hour level is an upward trend, but it has been obviously blocked and is about to go sideways or fall. The 4-hour, 12-hour, and daily levels are all upward trends. The intraday pressure level is 63500 and the support level is 60400.

From a personal perspective, the roadmap for rate cuts will determine the direction of the long-term trend, but short-term fluctuations are mainly subject to local liquidity and wash demand. Some people believe that rate cuts will push the market up, while others believe that because everyone expects rate cuts to pull the market, it will trigger a sell-off instead.

Therefore, in short-term trading, do not rely too much on the positive or negative judgment of financial data, and do not fall into FOMO. Instead, it should be regarded as a catalyst for trading congestion or FOMO, which often accelerates market fluctuations.

Through the Fed’s monetary policy and market expectations, Bitcoin may not come back even after the bull market is over... Let the raging bull fly for a while~

After the L1 track takes the lead in starting the upward trend, it is expected that other tracks will gradually follow suit.

SUI, SAGA, and FTM on the L1 track have all broken through the bottom oscillation range and started to rise strongly. After the Fed started the interest rate cut cycle and cut interest rates by 50 basis points in September, the macro uncertainty factors in the crypto market have decreased, liquidity will also improve, and market sentiment has begun to turn positive. After the L1 track took the lead in starting the upward trend, it is expected that other tracks will gradually follow suit.

In addition, you can see that the bottom of ORDI and METIS is gradually rising, and you can buy them directly

Can this year's wave recreate the glory of 2021 and 2017? It's okay to ask for 10 times instead of 1,000 times, right? In fact, if there is still 10 times of one-tenth of the last round, then the surpassing is 100,000 times!