Looking ahead to the Fed's rate cut
After four years, the Fed will finally usher in its first rate cut at 2 a.m. tonight!
According to the latest interest rate market data, the probability of a 50 basis point rate cut (double rate cut) is as high as 62%.
If the rate cut is really so large, this release of money will be rapid and strong, which is expected to reduce the risk of recession, thereby opening a bull market in the currency circle, especially in the next two years of continued release of money.
However, in the short term, due to the possibility of a 25 basis point rate cut and the possible good news in the market, it is recommended that we open long positions at $58,000 and some high-multiple contracts to consider profit-taking before the rate cut, or stop profit half and leave half to continue betting on Powell's possible dovish stance.
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As for spot without the risk of liquidation, it is definitely worth holding for the long term, especially in October, when the currency circle often ushered in the traditional surge period. I hope everything goes well for everyone!