Have you ever thought about this question: Will the cryptocurrency market definitely rise if the Fed cuts interest rates? Should we sell at the top or continue to increase our positions? You must know these key data!
So what coins can help you get rich quickly? I am most optimistic about these three coins!
Another important data is about to be released this week. Will it be good news? Let's follow Shuqin to take a look~
First of all, the question that everyone is most concerned about is whether this wave of Bitcoin's rise is a false fire, and whether we should sell at the top or increase our positions with the trend? Therefore, these hidden data are particularly critical.
The first is that the amount of Bitcoin in the exchange has changed.
After two months of selling pressure in Germany and Mentougou, the amount of Bitcoin in exchanges began to decline again, indicating that this rise was indeed driven by demand and that some big investors were buying at the bottom.
In fact, if you look at the current situation of Bitcoin ETF, you will know that in the past two weeks of trading days, there was only one day of capital outflow, and the other 9 days were all buying.
But if you look at the daily chart of Bitcoin, you will see that in these 10 trading days, Bitcoin closed higher for 6 days and lower for 4 days.
So the current situation is that Wall Street is buying and hoarding coins silently. Retail investors are like headless flies, not knowing what to do, chasing ups and downs all day long. Therefore, there is a reason why other institutions have reached a scale of hundreds of billions and trillions.
Now Bitcoin has fallen back to the 62,000 neckline I mentioned, which is a very classic breakout and fallback. I think it’s okay to buy one more lot here.
As we all know, the recent rise is due to Powell’s announcement that interest rates will be cut in September, but the question is, will the currency price definitely rise after the interest rate cut?
Let's be honest, the decline in lending rates actually has little impact on the market itself in the beginning, but it will significantly affect investors' expectations of currency price increases, thereby causing currency prices to rise, because people will think that Bitcoin will take off as the money is released, so should they buy some now, right? So buying has increased.
Therefore, the initial impact of the interest rate cut on the currency price is not significant, but it will promote the entry of smart money. As interest rates continue to fall in the following months, the power of this interest rate cut will gradually become apparent.
Don’t disbelieve the impact of interest rates on the market. The reason why US stock inflation has dropped from 9.1% to 2.9% is because of the interest rate pressure.
Similarly, when the money was flooded in 2020, the interest rate was lowered to 0%. People did not earn any interest on their money deposited in banks, so why did they save the money? They took it out for consumption or investment.
The interest on loans is almost zero, so with various leverages, the price of Bitcoin has soared from 4,000 to more than 60,000. This is all due to the influence of the Federal Reserve.
Therefore, the price of Bitcoin will definitely take off next year, but there may be significant fluctuations and market shakeouts in the process. We should still maintain enough patience. By next year, each of our assets will at least triple or quadruple.
Holding some small coins can allow you to earn more than 10 times the profit.
People and even the entire cryptocurrency circle have recently received a new positive news, that is, Kennedy Jr. withdrew and asked his supporters to vote for Trump, so his probability of being elected immediately increased, and now he and Harris each have 50%.
Affected by this, People also rose again over the weekend, with its price rising from 0.05 on Monday to 0.08, making a profit of 60% in a week.
I said on Monday that if this coin doesn’t skyrocket, I will live stream eating food. But now it seems that I don’t need to eat it.
Now, with the debate on September 10 approaching, People still has a chance to go up a bit, so those who haven't gotten on board yet can wait for a pullback and then remember to take all profits on the day of the debate on the 10th, because by then all the good news will be exhausted and the stock will start to fall.
In addition, I think Pepe will also perform well in the bull market. It is the type of stock that will rise by 50% or even more if it does make a sound.
In addition, our WIF also successfully escaped the top with two Us over the weekend, and then allowed everyone to take it back at 1.75. Now it seems that it is extremely accurate.
Shuqin told you about the good news about People or Floki, or the interest rate cut by Powell many days in advance, so the profit in the cryptocurrency circle really depends on the information gap. If you know it early, you will make a lot of money, and if you know it late, you will just take over. If you are interested in daily operations, you can take a look.
Okay, let’s continue.
The changes in on-chain data are really huge now. In addition to Avalanche and Justin Sun’s Tron that we talked about before, the BSC Binance Chain is also rising strongly. The transaction volume data has skyrocketed by 50% in recent days and has surpassed Solana many times. It is really worthy of our attention.
Especially now that it has launched the coin-earning mining activity again after two months, every time it launches a mining activity, it can make a lot of money. In addition, don’t forget that Zhao Changpeng will also return as a king at the end of September, so BNB will definitely soar in late September.
A good time to enter the market would be after the Ton mining is completed next Wednesday. There may be a one or two day correction after all the positive news is released. That is definitely a very good opportunity to get on board, because he will launch other new coin mining and Zhao Changpeng will return. In addition to the resurgence of Binance Chain trading volume mentioned just now, I think BNB will most likely have a very good performance in late September.
In addition, there is a very strange data this Friday that everyone needs to be alert to. It is the US PCE price index at 8:30 p.m. this Friday.
This time, the market expectations for both PCE and core PCE increased by 0.1% from the previous value, which is quite strange. If inflation data resurfaces, the Fed may not cut interest rates by that much.
However, I think the probability of this data being lower than expected is still very high. After all, interest rates are high and the job market is cooling down, so there seems to be little reason for inflation to recur. If there is a problem, it must be due to the recent rebound in oil prices, so we still need to pay attention to this data on Friday.
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