Crypto Market Sounds the Charge: Rate Cut Expectations, Policy Tailwinds, and a Bottoming Out - Is a New Bull Run on the Horizon?Since the Fed's rate cut last week, the market has for the first time projected a greater than 50% chance of another 50 basis point reduction at the next FOMC meeting on November 7th. This brewing expectation of a 50 bps cut in November has injected a dose of optimism into the crypto market
Crypto Market Sounds the Charge: Rate Cut Expectations, Policy Tailwinds, and a Bottoming Out - Is a New Bull Run on the Horizon?
Since the Fed's rate cut last week, the market has for the first time projected a greater than 50% chance of another 50 basis point reduction at the next FOMC meeting on November 7th. This brewing expectation of a 50 bps cut in November has injected a dose of optimism into the crypto market. Meanwhile, US presidential candidate Kamala Harris has made her first statement in favor of encouraging development in the cryptocurrency industry, further solidifying the trend of a crypto-friendly environment. Whether Republicans or Democrats take office, favorable policies towards crypto are becoming irreversible, providing a strong policy foundation for its growth.
Rate Cut Boost, Bitcoin Spot Price Rallies
On the first day of this week, Bitcoin entered a bullish uptrend on the weekly chart, signaling an end to the prior downturn. At the end of June, we predicted that the monthly chart would move into a sideways consolidation phase, marking the end of the bull market's second half and the beginning of a shakeout period. At that time, we advised buying Bitcoin spot at dips, anticipating the positive impact of a rate cut. Now, with the rate cut expectation gaining clarity, Bitcoin spot prices are surging, validating our prediction.
The rate cut is a real benefit, and we believe some investors still hold short positions. This week, well focus on the weekly chart to see if it will retrace. If Bitcoin breaks through the pressure point near $6.5, the next target will be $6.8, and even $7.2. Investors will need to ensure sufficient margin to weather potential volatility.
Ethereum: Bottoming Out or Rebound?
Despite its controversies, Ethereum remains the true leader of altcoins. Ethereums strength is what drives altcoin growth. From the perspective of market liquidity, Ethereum is the true benchmark. However, Ethereum faces a crucial question: Is it bottoming out or rebounding? Investors need to monitor its movements closely and prepare their strategies accordingly.
Breaking 65000, The Market is Poised for Action
The market breaking through 65,000 is a done deal, and Septembers bullish close is also a certainty. In the face of this breakthrough, investors need to stay calm and avoid emotional trading. Until mid-October, the market is expected to remain stable and avoid significant fluctuations below 66,000. However, after mid-October, the market trend will require careful observation.
Seize Opportunities, Actively Participate in Industry Hotspots
The crypto market is teeming with opportunities, but with them come risks. Investors need to practice risk management and invest cautiously. Even during a favorable market, remember to take profits when your target is reached, maintaining a healthy investment mindset.
Altcoin Investment: Coin Selection is Crucial
The core of altcoin investment lies in selecting high-quality coins and holding them at the bottom, with an exit strategy at the peak. The absence of either element leads to investment failure. Even those who know how to buy and sell can end up empty-handed if they dont select coins wisely. Failing to buy at the bottom or unwilling to sell at the peak will also result in missed opportunities. Altcoin investing mainly focuses on leading coins, as other coins carry higher risks.
Catch the New Wind in Crypto's Sails
The crypto market is currently experiencing an unprecedented favorable environment, encompassing an inclusive policy landscape, a market with activated liquidity, and adjusted interest rates. These factors are set to propel the rise of a new crypto bull run. Investors need to actively engage in industry hot spots, seizing every hard-earned opportunity.
Summary
The crypto market is on the cusp of new growth opportunities. Rate cut expectations, policy tailwinds, and a bottoming-out phaseall point to a new bull run on the horizon. Investors need to seize the moment, actively participate in industry hotspots, and practice risk management to achieve success in the crypto market.
Disclaimer: The above content is for informational purposes only and does not constitute investment advice. Investing involves risk, and entering the market should be done with caution.
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