1. Elon Musk said: Regulations will never die unless someone is willing to abolish them. Regulations are immortal. Unless someone really destroys them, they will never die. Many times, regulations may be made for various legitimate reasons.

2. The US #两年期国债收益率 is falling, indicating that #降息 is coming soon. If recession concerns are reduced, the market may rebound soon. From historical data, before the Fed cuts interest rates, the 2-year Treasury yield tends to fall, which is what we are seeing now (Figure 1)

3. PCE inflation has recently been moving in a healthy direction. If this trend continues for another three months, the United States may return to pre-COVID-19 inflation levels. Later today, we will see #CPI Data

Unless inflation is unexpectedly high, the Fed will start cutting rates this month, but the impact on the market will depend on the speed of the cut, whether it is 25 basis points or 50 basis points. The analysis is in my previous tweets

But as of the time of posting, the market predicts a 28% chance of a 50 basis point cut, while a 72% chance of a 25 basis point cut

4. Cryptocurrency assets outflowed $726 million. The market is in a low mood in the short term amid concerns about economic growth and political uncertainty

5. As of today, Bitcoin #BTC mining difficulty hit a new record high (Figure 2)

6. In the past six months, short-term holders of Bitcoin #STH have been losing money on their chips, which is the largest $BTC sell-off in this cycle

7. The market is betting on Harris and Trump's election votes at 49% each, and the current situation is awkward (Figure 3)

8. If Bitcoin rebounds and creates a bullish divergence, it will be $BTC Great buying opportunity (Figure 4)