Fed Chairman Powell revealed at the Stanford Business School Forum two months ago that most FOMC members believe that it is appropriate to lower the policy rate sometime this year. However, the Fed needs greater confidence that inflation can continue to fall to the target level of 2%. There are risks in cutting interest rates too early or too late, so it is too early to judge whether the recent inflation data is just a temporary fluctuation.
On the other hand, as other countries around the world continue to cut interest rates, it is difficult for the United States to turn a blind eye. And Bitcoin seems to be gradually digesting the impact of the Fed's rate cut.
Before the FOMC meeting this year, Bitcoin had several pullbacks, with the pullbacks during the four meetings reaching 10%, 11%, 10% and 4%, respectively, but they quickly reversed the trend. This decline may be an ideal opportunity to buy at a low level!
