The Middle East war broke out, Iran launched missiles, and the "crypto market crashed"!
Another point of the crash was about Friday's non-farm payrolls data. But since Powell had officially leaked the data on Monday. If the data is good, there will be no sharp interest rate cuts, and the probability of a sharp interest rate cut in November is also high. This may be good for cryptocurrencies because more aggressive interest rate cuts have been canceled.
At present, there is a high probability of a 25-point interest rate cut in November. This is a macro-fact prediction.
But the currency circle is still very controversial:
1. Some people think that a 50-point interest rate cut is a recession
2. Some people think that a 25-point interest rate cut is a positive for no recession
I still say that the faster the interest rate cut is without a recession, the better for the currency circle.
Last night's ISM manufacturing data suggested that it is not so easy to decline, and jolts also suggested that employment will not be too bad.
After the non-farm, it will go to 57,000, but it will not prevent the rebound to 62,400-62,900 from today to tomorrow.
The strategy has been given. Double-click to like and follow. Let us earn our own assets in this bull market. There is a surprise at the top of the homepage.
Do you think 60,000 will be the bottom?
