Why do we say that after the first rate cut, there will be a good bottoming market?

The first rate cut was carried out in 1999 (same as the current situation, both are preventive rate cuts). Judging from the situation before and after that time, the trend of US stocks was extremely tangled, and EMA200 was stepped back as many as 5 times.

There were already 3 retracements before the rate cut on the 18th. It can be predicted that after the rate cut, the market will still be in a tangled state.

Why compare these two periods? Because the market's concerns and emotions during these two periods are very similar:

Bulls have reasons to be bullish, they believe that the tightening period has ended and entered a loose phase;

Bears also have reasons to be bearish, they are worried about tail risks, such as whether inflation will recur? Will the economy decline?

It can be expected that in the next month, it will be a process of constantly testing the bottom. The corresponding crypto market can also usher in a period of repeated bottom shocks. #降息预期 #BTC☀ #美国大选如何影响加密产业？ $BTC