Brothers! The interest rate cut that we have been waiting for for 4 years is really here this time! It is not a prediction, nor a rumor, it is really here!!
But it seems not as fierce as imagined! $BTC rose to 62k, and now it is sideways. $ETH has only returned to a previous major support level. The copycat has also had a certain degree of correction.
It is still far from the peak period!!
The current daily trend is still in a downward channel. It may take some time to see the return of the big bull, although this interest rate cut indicates that the monetary policy has turned to an easing cycle. However, the job market is weak, and the 50 basis point interest rate cut at the beginning exceeds market expectations. This interest rate cut will definitely cause all kinds of assets to rise first and then fall. In the short term, the US economy may have a "soft landing", but the policy combination of "loose fiscal and loose monetary" may increase the risk of medium-term inflation. Only then will the currency market be bullish. There will be a large amount of capital inflow!
In addition, you can take a look at $DODO
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