A week in advance, the market has already made a sharp correction today!
Looking at this situation, once the CPI data is released tonight, it is estimated that there will be a sharp drop, causing those who are chasing more to go bankrupt.
If the Fed cuts interest rates, the bull market may continue, but I think the risk of Trump taking office is quite high. If Trump combines the three powers, it will be difficult for the Fed to cut interest rates. Once the CPI data is released tonight, the probability of the Fed cutting interest rates is estimated to fall again.
The probability of a rate cut is now 63.8%, but looking at the CPI and non-agricultural data in October and November, all point to no rate cut. In particular, the non-agricultural data in October was only 12,000, and November would not be worse than October. Anyone who knows a little about economics knows that the Fed's rate cut cannot continue forever.
Let's take a look at why the RMB exchange rate plummeted, and the People's Bank of China cannot directly intervene in the exchange rate. Why? The reason is very simple, I have a hunch. I have always believed that our Chinese economic bureaucrats are very smart.
From predicting the Fed's rate cut in advance to the Trump election, and then to the Fed's abandonment of rate cuts in the future, the central bank's policies are quite powerful. The Fed does not cut interest rates, let alone expand its balance sheet.
This time, the Fed is expected to pay attention to the liquidity crisis in the United States again. The Fed has never let the crisis happen before. Why? Because it wants to harvest leeks.
The Fed belongs to Wall Street financial capitalists, not the American people. Have you noticed that the trends of this wave of small bulls and big bulls are quite similar. If it really collapses, based on historical experience, the price of more than 90,000 may be trapped until the year after next.
I think next month will definitely be a turning point, but the highest point of Bitcoin should appear next month, and the collapse may be after Trump's election.
At this time, the top area may fluctuate, the mainstream currency will make up for the rise, and the altcoins will fly around, just like the end of the last big bull market. Now BNB and ETH are not rising much, and those who understand will understand.
If you want to make money in this wave of doomsday bulls, go long on the mainstream currency, or buy altcoin spot.
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