We will have the first televised debate between Trump and Harris. Trump is still good in terms of public speaking. As a staunch supporter of cryptocurrency, even if he does it for the election, if Trump is elected, it will bring unprecedented benefits to cryptocurrency.
Market sentiment can be driven up at any time, and a large part of this industry relies on market sentiment speculation. Now the market also predicts that if Trump is elected, the price of Bitcoin will be pushed to US$90,000 in the fourth quarter. Although the election has not yet been won, this is worth looking forward to.
I believe many people know about the Bitcoin Rainbow Bridge, and Figure 1 is from 2012. This indicator, similar to the Rainbow Bridge, has never failed. Whenever it reaches the lower position, it will not stay for too long and will gradually move upwards, and it is exactly at this position now.
Moreover, as shown in Figure 2, every time after Bitcoin production is reduced, it reaches a similar time period and is not far from the launch.
Because almost all retail investors in the market hold altcoins, this is the reason for everyone's despair. And now that altcoins have entered a bear market and Bitcoin has also pulled back, the market is also facing a bottom.
USDC, which represents purchases by the United States, has not seen additional issuance for a long time. As long as additional issuance is issued, it can reflect the return of US purchasing power. As the biggest driving force for this round of price increase, the additional issuance of USDC shows that the main market has begun to recognize the current price of Bitcoin and believes it is worth buying.
With the arrival of interest rate cuts, market sentiment may change. The biggest problem in the market now is the concern about a recession, but at the moment there may not be a recession. Judging from the data released so far, the US economy is still very resilient.
Of course, there is also uncertainty, which is the trend of the U.S. stock market. Many people predict that there will be a correction in the U.S. stock market. This may be our biggest uncertainty.
Will the interest rate cut lead to a rise in prices? When will the bull market begin?
Let me first talk about my views on the current market. Based on past experience, expectations of interest rate cuts are often overhyped. The situation where hot expectations become cold facts is similar to last year's Bitcoin ETF and this year's halving market. Therefore, the impact of interest rate cuts is similar.
When the interest rate cut is actually implemented, both market sentiment and capital flow will definitely have a boosting effect on the cryptocurrency market, but this is not the beginning of a bull market. It is likely to only trigger a short-term rise, which may then fall back.
The arrival of the bull market may have to wait until Trump returns to power. He may launch a series of policies to stimulate consumption, which is expected to push the cryptocurrency market into a larger stage of development.
For altcoins, they have reached the point where they can no longer fall, and a market rebound will inevitably come as expected. It is still necessary to say here that you should not rush to buy at the bottom, because the bottom is left for the dealer. If you eat its meat, what will it eat?
From today’s perspective, it is absolutely correct to buy high and not buy low. How many people are busy buying at the bottom and are shocked by the market turnaround. There are many people who think they are smart, but they don’t know that there are many people who continue to do so, and in the end they are just chopped into pieces by the meat grinder of the market and see no hope.
There is no need to be so hesitant at this time. As long as your coin is right, then if you stand in a slightly farther field of vision, you will find that those fluctuations were just teasing you. They were all very cheap. Many people sold at the lowest point and fell before dawn. A good hunter must have a strong belief and learn to enjoy loneliness.
