In-depth analysis of the cryptocurrency market: long-term outlook under the short-term plunge
The cryptocurrency market has changed suddenly recently, with Bitcoin falling more than expected. Multiple unfavorable factors have superimposed, causing the market to fall like a waterfall. The current short-term trend of the market has been severely damaged, and it is retesting the key support level of 45,000, but under extreme market conditions, the support may be fragile.
However, given the background of the election year, the Federal Reserve may take radical measures to deal with the crisis, including a rapid interest rate cut to zero, which may release market pressure in advance and avoid a repeat of the 312-style crash in 20 years. Therefore, the current decline may mark the last round of deep correction, and then it is expected to usher in a super bull market under the stimulus of the Federal Reserve's interest rate cut.
However, this optimistic forecast is based on the premise of the Federal Reserve's emergency interest rate cut, similar to the 2020 move. Under the influence of political and economic factors in the election year, the expectation of interest rate cuts is strong. Based on this, it is expected that the market will usher in a strong rebound from October, throughout the November election, and may then experience a short-term adjustment, but the long-term upward trend will not change.
In short, although the short-term trend has been damaged and it takes time to repair, it does not affect the long-term positive pattern. The Fed's policy trend will become a key variable, leading the market to a new chapter.
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