It is not an exaggeration to describe today's market as horrible. Why is this happening? Many friends are asking if the bulls are still there? Is it a big wash or is the bear coming? So today I will explain it in detail. First of all, why did this happen? We still have to analyze it from the perspective of macro factors. First of all, the data released by the United States, the United States released unemployment data for July, and this number was much worse than everyone expected. Specifically, the number of unemployed people increased, while the number of people who found jobs was not as high as expected. This led to the triggering of an early warning system called "Sam's Law". Sam's Law is like a red light warning to determine whether the US economy may enter a recession. This law says that if a specific indicator of the unemployment rate exceeds a set threshold, it may be an early signal that the economy is starting to get worse. When this law is triggered, the stock market and other financial markets usually become very nervous because investors are worried that a recession will lead to a decline in corporate profits and a shrinking stock value. This is why after the data came out last Friday, there was panic in the market, and people were worried that the US economy might face a difficult period. According to common sense, the expectation of a rate cut is increasing, which is a good thing for the currency circle because there is incremental capital entering the market. But there is more to it than you think, let me explain. The US stock market has been having a tough time lately, especially with the tech giants like Nvidia, Amazon, and Intel, whose performance has not met everyone's expectations. It's like your classmate who always did well in his exams suddenly failed, which shocked everyone. The stock prices and market capitalizations of these companies have been falling like a slide, which has made everyone more worried about the overall economic situation. At the same time, we have talked about the Bank of Japan's desire to raise interest rates several times before. This is quite interesting because when most developed countries, such as the United States, the United Kingdom, and Canada, are considering or have already started to lower interest rates to stimulate the economy, Japan wants to do the opposite and raise interest rates. It's a bit like when everyone is lining up to buy discounted goods, but someone wants to sell things at a higher price, which naturally stands out.Therefore, if the United States does not cut interest rates quickly to boost the economy at this time, the pressure on the global economy may be even greater. The global economy is like a big family, and the actions of each member will affect others. Now, these macroeconomic uncertainties, coupled with the monetary policy choices of various countries, are quickly looming over the stock market like storm clouds, and global stock markets have become turbulent as a result. In short, everyone's concerns about the future economy, coupled with the different policy directions of various countries, make the stock market as exciting as a roller coaster. The decline in Asian stock markets reflects the increasing instability of the global economy, forcing central banks to consider adjusting monetary policy to meet the challenges. The UK has already taken interest rate cuts under pressure to try to stimulate the economy. Although this drastic change in the macroeconomic environment may lead to increased market volatility in the short term, in the long run, it may herald the beginning of a new round of market cycles. Rate cuts are usually taken when the economy is in trouble, and when the Federal Reserve joins the ranks of rate cuts in September, it may bring a real bull market for Bitcoin. In fact, there is a big wash before each bull market starts. What I want to say is "this is normal". Players who have experienced the previous bull markets should know that whenever the Federal Reserve is about to enter a rate cut cycle, the financial market, that is, the crypto market, will be affected. The closer to the rate cut, the greater and more intense the market reaction will be. This is actually a very good signal because it means that the bull market is getting closer and closer to us. I firmly believe that the bull market is still there. I know it is very difficult, and so am I, but since you have chosen cryptocurrency, you must hold it. Let's meet at the top together and don't give up halfway! #加密市场急跌