The biggest reason for this pullback is that the Fed’s expected rate cuts have been missed. The global capital market has fallen. Everyone expected the Fed to cut rates for the first time in June. As a result, due to higher-than-expected inflation in the United States, the pressure to cut rates has increased. However, the United States now maintains such high interest rates, the huge debt owed by the United States, and the interest on the treasury bonds that need to be repaid is also staggering, coupled with the domestic banking crisis in the United States. How long can the Fed last?

Since the beginning of 2024, the big pie has quickly broken through the previous high, but the second pie has indeed failed to keep up. I personally think that the main reason is that the United States has passed the Bitcoin ETF, and a large influx of funds has driven Bitcoin higher. The market value of Ethereum has directly reached the eighth place in the global asset market value rankings, while there is no news about the Ethereum ETF, and the probability of failure is also very high. The difference in the magnitude of funds between the two is too large, so Ethernet rises relatively slowly. When speculating in currencies, you must also grasp the main contradictions and filter out the noise. Is there any information in the currency circle that is more important than the Bitcoin ETF this year?

It’s 7 years old, it’s a moment worth remembering

This round of pie broke through the previous high twice and was beaten down. It proved that there were too many leeks that were trapped at the top during the last bull market. It once again proved that the bull market is the harvester of leeks. In a bear market, everyone is more conservative and emotionally Can't come up.

Don’t be fooled by investment, and the same goes for currency speculation. There are various recommended projects on Twitter and Telegram. How do you know that someone else is not asking you to carry the sedan chair? Can you keep up with the pace of entering so many projects? Can you ensure profits? Don't be greedy and sell in time. Don't speculate in coins with hammers and sticks. You are not a robot. Take the mainstream coins, maintain a good attitude, sit back and watch the clouds roll and relax, and let the tide ebb and flow. When you have time to read those recommended projects, it is better to calm down and read more nutritious articles to improve your cognitive system. Being down-to-earth is the best shortcut. Only by letting wealth and cognition grow together can you go further. .

Don’t just focus on the currency circle when speculating in currencies. The global capital market also depends on the face of the Federal Reserve. When Powell speaks, traders around the world should prick up their ears and listen carefully.

The expectations of Cancun and the halving of the pie are already full. Why wait until the time point that everyone knows before pulling the market? If you want to pull the market, all the profits will be exhausted. #BTC #ETH $BTC $ETH