Tonight, the interest rate cut that everyone has been looking forward to for a long time has also come down by 50 basis points. I believe that many people are as surprised as I am. I thought it would be a soft road, but it came directly to 50 basis points. Historically, unless there is a major economic crisis, the Federal Reserve rarely cuts interest rates by 50 basis points when starting a new interest rate cut cycle. The Federal Reserve cut interest rates with a force higher than expected by institutions this time, perhaps to achieve a "soft landing" of the economy and hedge the risk of "stalling" of economic activities. Recent data show that the U.S. Consumer Price Index (CPI) in August rose 2.5% year-on-year, falling to a new low since February 2021, close to the Federal Reserve's 2% inflation target. But at the same time, personal consumption expenditure, an important driving force for US economic growth, is slowing down, and manufacturing activities have been in a contraction range for many consecutive months. The labor market has also continued to be weak, and the number of new jobs in the private and non-agricultural sectors has dropped sharply month by month. The above factors have caused some investors to worry that the US economy is approaching a recession. I believe everyone has seen what the central bank said before, and Lao Shan will also say it now. A 50 basis point interest rate cut proves that what Lao Shan said before is very correct. The economic recession is real. Powell, this old bastard, knows it well in his heart. He falsifies economic data to deceive the outside world, making it seem as if his unemployment rate and employment rate are very high. He is really just reporting good results, and he is even deceiving himself. Now he is talking about how good the economy is here and cutting interest rates significantly. Isn't it just to flood the market with money to stimulate consumption to achieve economic buffer? If he handles it well, if he doesn't handle it well, it will cause a series of consequences such as the big economic recession that Lao Shan mentioned before!

At this Laoshan, I have to admire Powell's thick-skinned performance. The content of his speech, the market's reaction, and the data release are full of contradictions. He plays Tai Chi very well, as if making the data look better and speaking more pleasantly, as if the dominance of the US dollar will disappear. I can only say that the Federal Reserve controlled by the Jews is awesome. If the economy is not good, I will not admit it, but I can change the data. This is also a point that Laoshan mentioned before, that is, even if the data and economy are not good, we have to hold on and wait for the election to pass this mess to the next president. This is also the key point. Let's see whether it will be Trump or Harris at that time. Lao Shan also said before that Trump is a businessman. He will only solve economic problems to make the economy better, stop the war and make more money. Harris is different. He has no good feelings towards the cryptocurrency circle. If he does not suppress it, thank God. If he suppresses it, it will be the end. If he comes to power to solve the economic recession, he will make money from the war to solve the current problems. So everyone should seize the last opportunity to make money in this speculative market and choose currencies with better prospects. Those who said that they would raise interest rates and cut interest rates by 75 basis points are no different from those who pull up to 100,000 and drop to 20,000. I hope everyone can distinguish them.

Back to the point, in tonight's meeting, Bitcoin pulled up from $59,139 to $61,316, and Ethereum pulled down from $2,275 to $2,363, which is basically consistent with what Laoshan said yesterday. The pressure at $62,000 is still relatively large, and Ethereum still has not broken through the pressure level of 2,450. Have you noticed that Bitcoin has returned to its original position? Ethereum can't go back, which is really not strong. Now we still have to focus on the pressure of $62,000 above. If it breaks through and stands firm, we will look at the next pressure of $65,000. Ethereum's target remains unchanged. There are two heavy pressures at 2,450 and 2,550 above. Bitcoin will focus on the 60,000 mark, the 58,000 mark, and the 54,000 mark below. As for Ethereum, the support levels of 2,200 and 2,000 will be used. Bitcoin Ethereum cannot rise, and the copycat has no chance. It is becoming more and more abstract now. Bitcoin returns to its previous position and the copycat will be directly slaughtered in the callback. Now you can slowly lay out , choose coins with good prospects, and dare to take advantage of the economic recession. Buffett has been reducing his holdings, and even he does not believe in the US economy, so we must also seize this opportunity, because of the economic recession that will follow. I would like to remind you here that you are advised not to touch the primary market. Many people do not understand the primary market. Laoshan would like to say that the hottest time was around 21 to 22 years. Many so-called experts said that this coin would rise in the future and be listed on a certain An, a certain OK, etc., and that it would double in the future. You were tempted by what they said, but you bought a lot of it, and finally ran away without listing on the exchange. Some of them were listed for a few months, and then the coin price did not fluctuate much, and then they were delisted and ran away. Laoshan is just reminding you here, and you can choose not to listen, because Laoshan has seen many fans asking recently, so I would like to mention that if you want to layout big cake, Ethereum or Shanzhai, hurry up, there is not only one opportunity. I am Laoshan. Thank you for watching. See you tomorrow! #美联储宣布降息50个基点 #加密市场反弹 #美国8月零售销售环比好于预期 #美国8月零售销售环比好于预期 #美国大选如何影响加密产业？