10.9 Several events that are about to happen in the fourth quarter will profoundly affect the currency circle
1. Balance sheet expansion starts: Interest rate cuts have begun, and it is only a matter of time before balance sheet reduction turns to balance sheet expansion. However, balance sheet expansion does not mean that the currency price will definitely rise, but it will end the two-year upward trend of BTC.D, ETH and The exchange rate of altcoins to BTC is expected to bottom out
2. The second and third interest rate cuts: Looking at the first interest rate cut in the past 40 years, both stock and currency prices rose. Before and after the second to third interest rate cuts, U.S. stocks plummeted. Recently, the volatility of BTC has dropped significantly, reaching an extreme level. The sideways movement will bring big fluctuations, so be wary of November and December.
3. The U.S. dollar strengthens again: The labor market improves, which slows down the extent of interest rate cuts, causing the U.S. dollar to strengthen again and net liquidity decreases, which is not conducive to the currency circle and increases the time for the currency circle to adjust.
