The market is brewing or speculating on the expectation of a 50 basis point cut in November. Since the Fed cut interest rates last week, the market expects for the first time that the probability of the Fed cutting interest rates by another 50 basis points at the next FOMC meeting on November 7 is more than 50%.
Harris made her first statement: If elected president, she will encourage the development of the cryptocurrency industry . What is certain at present is that no matter whether the Republicans or the Democratic Party comes to power, the trend of being friendly to the crypto industry is irreversible. The trend is irreversible. From an overall macro perspective, it is good news.
A new week has begun, and the market started to pull up on the first day of this week
I have good news for everyone. BTC has entered a bullish uptrend at the weekly level, which means that the previous decline has ended. If you didn’t buy the chips at a low price now, there will be no chance for the time being. Hold on to the chips you have already bought!
At the end of June, I said that the monthly line would start to fluctuate sideways, and the second half of the bull market ended and began to clean up, so everyone could buy BTC spot on dips and wait for interest rate cuts. The takeoff of the second half of the bull market depends on interest rate cuts. Without interest rate cuts, the bull market in the second half will not come. Believe me, brothers, I can say with certainty that BTC spot will definitely be profitable!
The interest rate cut is a real positive. I believe there must be some stubborn brothers who are still holding on to their short positions. This week we will see whether the weekly line can pull back. Otherwise, once BTC breaks through the pressure level near 6.5, the next target will be 6.8 and then 7.2. You should see if your margin is sufficient!
Regarding Ethereum, there is currently one question:
Is the exchange rate bottoming out or rebounding? Although many people criticize Ethereum, it is the real leader of Altcoin. Only when Ethereum is awesome can altcoins be awesome. I think Ethereum is the real symbol of market liquidity.
Has the market completely reversed?
Treat your breakthrough like treading on thin ice, not having a brain orgasm
1. There is no suspense about breaking through 65,000, and there is no suspense about closing with a big positive in September. You should treat the breakthrough with caution, not with an intracranial orgasm.
2. The market is not worried before mid-October, and we will take it one step at a time after mid-October. The market is not worried within 66,000, and we will take it one step at a time above 66,000. BTC can go further, while ETH and altcoins are shorter.
To make money when the market is good, no matter how many times you want to make, you must invest in it. Only then can you have a better mentality for profit. Otherwise, your mentality will collapse when there is a pullback, especially when on-chain meme market fluctuates too much.
Although it is difficult to quantify any market accurately, the market has a direction, and today's crypto market is moving in a positive direction.
In fact, three basic points are all positive for Bitcoin - an inclusive policy environment, a liquidity-activated market, and adjusted interest rates. These are the key factors that determine a new round of crypto bull market.
The income of copycats = choosing high-quality currencies * heavy positions at the bottom * high profit-taking. If any of these links is missing, the result is equal to 0.
If you don’t know how to choose coins, even if you know how to buy and sell, the result will be nothing.
You know how to choose coins, but you don’t dare to buy at the bottom and you don’t want to sell at the high, so it’s all in vain.
It is not a big problem for a copycat to just play with the leader. Researching a copycat is also very rewarding and challenging. Of course, getting good results is also very tempting, but 80% of people will not get good results.
There is no need to worry about the market trend. Now you only need to do one thing, which is to actively participate in industry hotspots and seize every hard-won opportunity.
The interest rate cut cycle has begun, and the next surge in the market is clear, but it will take time to brew. Don't miss the opportunity
(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30% in the short term. The next password will be announced soon!!)
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This is the end of the article. I will do a more detailed analysis in the communication group. If you want to join my circle, please contact me directly through the WeChat below!
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