The bull market is not over yet, hold on, we can win!
The sails of the bull market are still raised, friends, don't be in a hurry to say goodbye! This cycle is as logically clear as the dew in the morning light—Bitcoin, it is neither anxious nor rash, steadily advancing step by step.
And what about those altcoins? They are like mischievous children, sometimes soaring to the clouds, sometimes plunging into the depths, but every major rise is like a forgotten corner from the last round, finally welcoming their spring.
Retail investors have been thoroughly washed out, the weekly K-line is as flat as a mirror, under the winds of grand narratives, who is the real winner? Don’t rush, in this wave, we continue to pick up those forgotten low-priced chips, continue to lie flat, patiently waiting until the last frenzy of next year's bull market!
Speaking of this last frenzy, that is the real feast! The Federal Reserve cut interest rates by 25 basis points, and the market is already well aware; two rate cuts next year are also a certainty. But don't forget, they have significantly raised the future policy interest rate target, and inflation expectations have also risen.
Chairman Powell said that the U.S. economy is very strong, the labor market, although cooling, is still robust, and inflation is almost touching the small target of 2%.
Data speaks, in the past three months, an average of 173,000 non-farm jobs were added each month, with the unemployment rate in November dropping to 4.2%, this level is impressive! The policy interest rate has been lowered by 100 basis points from its peak, and the days of tightening are considered over. The PCE inflation expectation is 2.4% this year and 2.5% next year, although it is slightly higher than in September, it will still obediently return to the small target of 2% thereafter.
The Federal Reserve has also stated that the interest rate cuts need to be gradual, or simply pause; future policy adjustments will need to be more cautious. The federal funds rate is expected to be 3.9% by the end of next year and 3.4% by the end of 2026, both higher than in September. As for the future magnitude and timing of rate cuts, it will depend on economic data, outlook changes, and the balance of risks.
Friends, hold on! The bull market hasn't sung its climax yet, our story is still ongoing!