You have your position, I have my skills; you deny my present, I determine your future; you mock me for only talking big, I pity you for always being stopped out; you can ignore my advice, but I will follow the trend of making money. Margin trading is destined to be a lonely journey, and there will be gains and losses along the way. But so what, even if I stay up late every day, I will make you margin trade.
After concluding a two-day monetary policy meeting, the Federal Reserve announced a reduction in the target range for the federal funds rate to 4.5% to 4.75%, a decrease of 25 basis points. This is the second rate cut by the Federal Reserve this year and fully aligns with the market's general expectations. Federal Reserve Chairman Powell previously stated that the Fed has made 'significant progress' in maintaining employment and economic stability while moving towards the goal of sustained inflation decline. He further pointed out that if future economic data meets expectations, the Fed may cut rates again in November and December, each time by 25 basis points. However, it is worth noting that if Trump is elected president, it may slow down the Fed's pace of rate cuts. Trump's support for raising tariffs on U.S. imports and tax cuts to stimulate consumer demand could lead to a rise in inflation levels. Therefore, the market has currently lowered its expectations for a Fed rate cut in December, with several Wall Street institutions even predicting that the Fed may announce a pause in rate cuts after the next monetary policy meeting.
The Fed's rate cut of 25 basis points is in line with market expectations. In fact, the market rose in anticipation, but there are now concerns about the number of future rate cuts, the possibility of reducing the pace of rate cuts, or even turning to rate hikes, which undoubtedly adds a lot of uncertainty and variables to the market direction. In yesterday's article, I also provided a low buy idea for a pullback to 64500, which successfully triggered. It was mentioned that in the short term, 74400-75000 can be viewed as a range of fluctuations. We just need to continue waiting for the market to correct, and then we can expect the market to rise again. As expected, Bitcoin reached a maximum of 76900 and once again set a new historical high.
