Bitcoin should continue to pay attention to the breakthrough of 65,000. Because the current exchange rate of Ethereum is at a relatively low level, it may be more cost-effective to participate in the long position of Ethereum. Once Bitcoin breaks through 65,000, Ethereum or its altcoins may take off again!

The short-term thunder also came to an end yesterday. The Japanese yen interest rate remained unchanged. After the main force was sideways around 62,700 points for a morning, the news was released and it was pulled up to around 64,200 points. All the bulls in the sector exerted their strength and the market liquidity rose quietly. From the perspective of the cycle, the logic that the bull market relay is about to begin is definitely correct. However, judging from the increase in liquidity, the market does not have the conditions to directly achieve a reversal in the short and medium term.

The interest rate cut cannot achieve the goal in one day, and the bull market will not end in one day. If the last 52,400 points is the bottom of the next round of market, then going below 60,000 points again will be a more substantial rhythm of accumulation. The market that is pulled up in one breath will inevitably tremble at the top, and the market pigs at the end can take off with a rhythmic step-by-step rise.

Judging from the macro rhythm, the funds of OTC ETFs should be the first to reverse. Sure enough, the net inflow of Bitcoin spot ETF reached 158 million US dollars overnight, and the Ethereum spot ETF also achieved a rare net inflow of funds of 5.25 million US dollars. The inflow of Ethereum funds was small, but the symbolic significance was far greater than the actual value. The emotional side is indeed ready to go.

In recent days, the coin listing boom has continued, and the number of small-cap sectors with a 50% daily increase has continued to increase. The local copycat season is gradually approaching. Under the rendering of this kind of artificial violent pull-up of copycats, it is very important to recognize the actual market situation at the time. If there is no overall liquidity relief, chasing the outbreak of copycats before this can often allow oneself to reach the top ahead of time. The chips that can be held in hand are the most important. The sudden outbreak is just for others to see.

Both BTC and ETH have risen a bit, but why did USDT fall?

I saw some friends asking why USDT fell today. I would like to reply to you that it is because the Federal Reserve cut interest rates. After the interest rate cut, RMB continued to strengthen! And the purchasing power of USDT also fell!

When the prices of commodities such as crude oil and gold rise, it is often accompanied by currency depreciation. This is because rising commodity prices may trigger inflation, leading central banks to adopt tighter monetary policies, which in turn affects exchange rates. In addition, when investors seek safe-haven assets, they often turn to the commodity market rather than the currency market, further affecting the US dollar exchange rate.

So USDT will fall! And it will continue to fall, but it will come back sooner or later!

The big market trend has already taken shape, and the changes in the global economic landscape brought about by the interest rate cut will not be a joke.

Some people are asking what to do if Japan raises interest rates.

We can’t just believe everything we hear. It’s just a matter of interest rate discussion, not a confirmed rate hike, and forecasting agencies believe that there will be no further rate hikes by the end of the year. In addition, the arbitrage trade of using the yen to speculate on the high interest rate of the dollar has been lifted by large funds after the sharp drop in early August.

So in this market, either you have independent thinking and judgment, or you find a reliable source of information.

If you say that the cryptocurrency world cannot say that every altcoin will see a big rise just because the Fed cuts interest rates, I agree with this point. The main beneficiary is Bitcoin. If altcoins want to have a big market, they can't just take advantage of Bitcoin and the interest rate cut. If venture capital wants to choose assets other than Bitcoin, they probably want to see that you have stable profit expectations, otherwise why would they choose you? In the end, the only outcome is that the US stock market and Bitcoin eat meat, while the altcoins drink soup.

But on the other hand, it is pure nonsense to say that the Fed will continue to raise interest rates.

Once the interest rate cut cycle begins, the Federal Reserve has always been like diarrhea, unable to stop, so it is impossible to raise interest rates in the short term. It’s just that the extent of the interest rate cut will not be so drastic in the absence of an economic recession. Therefore, what we expect is not a sudden bull market, but a long bull market similar to the US stock market.

In this feast of wealth, what you want is not to achieve success overnight, but to dance with it, to embrace long-termism, and to live long so that you can live well.

Every year after the Bitcoin halving, a crazy bull market will be triggered:

The price was halved in 2012, and a huge bull market began in 2013;

The halving occurred in 2016, and the market entered a frenzy again in 2017;

The halving in 2020 ushered in another round of violent bull market in 2021;

The price will be halved in 2024, and the same historical script may be repeated in 2025, ushering in a bull market feast that cannot be ignored.

Get ready for a new round of market carnival!