The Federal Reserve has finally started the long-awaited rate cut cycle! The Federal Funds Rate was cut by 50 basis points to 4.75%-5.00% at one time. This is the first rate cut since March 2020. This news is like a shot in the arm, directly stimulating the nerves of the market. In the next two years, the Federal Reserve is expected to continue to cut interest rates. The Federal Funds Rate is expected to be 4.4% at the end of 2024, and it will further drop to 3.4% at the end of 2025. This undoubtedly sends a great positive signal to the market!

The loose monetary environment brought about by the interest rate cut will greatly reduce the financing costs of enterprises, release market vitality, and also inject new impetus into risky assets. For the cryptocurrency market, this is great news! The decline in interest rates means that players will be more inclined to invest their funds in high-yield assets, and cryptocurrencies such as Bitcoin and Ethereum will surely usher in a new round of rising prices.

Although the dot plot shows that the future rate cuts will be relatively mild, and the interest rate is expected to remain at 2.9% in both 2026 and 2027, this does not affect the market's optimistic expectations. After all, the Fed has opened the door to rate cuts and released positive market signals. With the increase in liquidity, the capital side of the cryptocurrency market will be more abundant, laying the foundation for the future bull market.

Louisiana government officially accepts Bitcoin payments! This is exciting news for Bitcoin. The government's approval undoubtedly justifies Bitcoin and marks an important step for digital currency to become a mainstream payment tool.

This is not only an affirmation of the value of Bitcoin, but also a great encouragement to the entire cryptocurrency industry. The United States is one of the largest economies in the world. The Louisiana government's acceptance of Bitcoin is likely to trigger a follow-up effect in other states and even other countries. Imagine how much imagination space will be brought to the market if more and more government agencies accept Bitcoin payments in the future!

Of course, this will also bring more institutions and players to pay attention to the cryptocurrency market, which will in turn drive up the price of Bitcoin. Although it is only an attempt by a state government, it has undoubtedly laid a good foundation for the application of Bitcoin payment. In the future, we are likely to see Bitcoin being widely used in more fields.

Big news! Trump used Bitcoin to pay for his meal at a bar in New York for the first time. This is a big event! Trump is the former president of the United States, and his every move will attract attention around the world. This use of Bitcoin for payment is undoubtedly a strong endorsement of Bitcoin. For Bitcoin holders and the entire cryptocurrency market, this is great news, and it may attract more players to participate in Bitcoin payments and investments in the future.

At the same time, Trump's comments on the Fed's 50 basis point rate cut also sparked market discussion again. He bluntly said that the rate cut showed that "the economy is very bad", which undoubtedly made the market pay more attention to the economic outlook. Think about it, when the economy is bad, funds tend to look for safe-haven assets. Bitcoin, as digital gold, will naturally become the focus of many people's attention. This is a good opportunity for Bitcoin to shine!

The U.S. spot Ethereum ETF had a net outflow of 4,187 coins yesterday, worth $9.8 million.

The U.S. spot Bitcoin ETF saw a net outflow of 874 coins yesterday, worth $52.7 million.

Bitcoin: Yesterday, a small positive line was closed with a lower shadow, and the bulls were more active! At present, the price is steadily rising with the support of various moving averages, especially the short-term moving averages are arranged in a bullish pattern, which adds a lot of confidence to the market. The MACD indicator shows that the green is getting thicker and the bullish energy column continues to expand, which is a strong bullish signal. In summary: the market outlook is optimistic, and we are waiting for the further rise of the market! Pressure reference: around 64300;

Ethereum: Yesterday, a hammer line was closed. This is a signal worth paying attention to. It often appears at the end of a downward trend, which means that the bulls are beginning to build momentum for a counterattack. The RSI indicator is also hovering around 50, in a state of long-short balance. More noteworthy is that the CCI indicator is breaking upward from near 0, which may indicate that the market is about to usher in a rebound. In summary: Yesterday's hammer line released a signal that the market has stopped falling and rebounded, and the market outlook is optimistic! Be patient and wait for the market to move further upward. Pressure reference: around 2868; around 3102;

ARB: A hammer line was closed yesterday, and multiple moving averages at the daily level have been glued together, and there is a possibility of further upward movement in the future.

WLD: Yesterday, a medium-sized positive line was closed. The daily line level is now above the 5-day moving average, and there may be an oversold rebound in the short term.

SNX: It closed with a hammer line yesterday and is now above the 60-day moving average. It may see further upward movement in the short term.

Today's panic index: 49 (neutral) #美联储宣布降息50个基点 #加密市场反弹 #比特币走势分析