The previous 50 basis point rate cut in advance demonstrated the Fed's determination for a soft landing. At the same time, the unemployment rate data of 4.1 dispelled the market's concerns about the possibility of a sharp rate cut by the Fed because of the recession data.

In other words, the current situation is that while liquidity has been released to the market, the data is good and the risk of recession has been greatly reduced. The soft landing mentioned by the Fed is becoming more and more realized with the release of a series of economic data.

This is a super positive, and the rise of US stocks also proves this point. If the cryptocurrency market does not rise in this way, I think there is really nothing fun in the cryptocurrency market in the short term.