Regarding the topic of what will happen after the halving, the non-agricultural data broke out last night, and the entire Federal Reserve has entered the hawkish camp again. The most serious thing is that as long as inflation and economic heat continue, the lighthouse country may not cut interest rates this year. Radicals have even started to talk about raising interest rates. But I personally think that interest rate hikes should not be allowed, but the probability of delayed interest rate cuts has indeed increased.

At the macro level, now that the halving has been completely implemented, and the lighthouse country's interest rate cuts are likely to extend the impact of this negative factor. I personally think that at the macro level, the probability of big cake fluctuations, negative declines, and washing out is relatively high!