After the US dollar index hit a high of 108, it has now fallen back to 107.5.
The dollar is so strong that it will inevitably have an impact on the currencies of sovereign countries around the world.
In fact, while the dollar is extremely strong, global liquidity has not been significantly suppressed. The data from the Federal Reserve shows that the liquidity of the US dollar has not been released enough in the past quarter.
This means that liquidity will further improve in the last month of the year and Q1 of next year.
What will this bring?
I guess it will be a further rebound in the PMI data.
At that time, someone will inevitably shout that this means that the Fed has no desire to cut interest rates further.
But don't pay attention to the stupid remarks in the market.
Because the correct logic is this, the Fed continues to cut interest rates to release liquidity, and then there will be beautiful PMI data in the next 3-6 months.
So it's still the same conclusion: in December, the Fed will further cut interest rates.
So what does it mean for BTC?
The price of Bitcoin will be further raised. 10W cannot be the end of this round
But in the short term, we must see the huge pressure BTC bears
The market's panic greed index has reached 93. This kind of red-hot number always makes people shudder, and a callback may happen at any time.
And BTC's market share is still rising, which means that the alt season has not yet arrived.
In the short term, when everyone looks at BTC's new highs every day, it is best to be fully prepared for risks and not chase highs!
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