Today is Monday, October 14, 2024, and the cryptocurrency market enters a new week.

In terms of macroeconomics, after the strong US non-farm payrolls report, the September Consumer Price Index (CPI) also exceeded expectations. Several Fed officials reiterated their support for the taboo interest rate cut, and some voices began to discuss the possibility of skipping the November interest rate cut. However, the September Producer Price Index (PPI) released last Friday was flat month-on-month, easing the market anxiety caused by the release of the CPI. At the same time, it provided stronger support for the Fed to take interest rate cut measures at the November meeting. At present, a 25 basis point interest rate cut in November is still the mainstream market expectation.

In line with this, Wall Street's earnings season was strong. The third-quarter earnings reports released by major financial institutions were generally better than expected, especially after the major banks reported solid performance, their stock prices generally rose, driving US stocks to continue to rise. In particular, the S&P 500 index achieved its fifth consecutive week of gains, the longest streak since May this year, further consolidating the market's optimism.

Although the U.S. stock market has performed strongly, Bitcoin and the stock market have been somewhat decoupled. If Bitcoin can follow the U.S. stock market in the future, there is a chance to see further growth.

Many Fed officials will give speeches this week. Meanwhile, the European Central Bank will announce its interest rate decision on Thursday and host a monetary policy press conference by its president.

The interest rate cut cycle has begun. What is the best investment strategy at present?

The short-term strategy can be more conservative. There is no catalyst in the market before the election. The overall market may have a clear direction after the interest rate cut in November and the election. Assets still depend mainly on the election. There is currently no obvious improvement trend in the liquidity of the altcoin market, and the structural problems of the altcoin have not been solved. The core promoters of the meme sector are also facing some problems. There may be fewer high-quality opportunities than before, and subsequent economic data and elections will be needed to bring some breakthroughs.

If BTC cannot achieve a breakthrough, the outlook will be even less optimistic. Therefore, despite the continued rise of BTC.D, the BTC-based strategy still has investment significance. On this basis, investing small-scale funds in some hot tracks (such as Meme) is a better combination.

Hold on to your chips.

The long-term interest rate cut process will gradually bring liquidity back to the risky market. The best investment strategy is to remain rational and calm and avoid over-selling valuable holdings.

Even if we put aside factors such as the Fed’s rate cut and the general election, we can still expect BTC to have a relatively good performance in the fourth quarter.

The next focus should be on cottages

If Bitcoin can rise sharply and boost sentiment, we will be ready to seize the opportunity to create a second wave of copycat market.

The weekend market is still dominated by memes. This track has gone through countless cycles. This time it is the turn of projects from the slerf period. New memes are also emerging frequently. The previous AI meme turbo was also listed on Binance. The third and fourth leaders of the AI ​​meme track will definitely come out one after another.

In short, the gameplay of meme is so rich, and its wealth-creating effect is no weaker than the 2020 DEFI SUMMER. If you don’t enter the meme circle now, you will really feel out of the currency circle. In addition, the rune sector has also been very strong recently. Now I feel that inscriptions and runes should be on the same track as meme. If meme is chasing high, you might as well take a look at runes!