In the past two days, the market has been very volatile!
The currency price has not changed, but many people’s positions have disappeared. This is what I often say about the bull market’s collapse. You think the bull market is all the way up, but in fact it is all the way up. Wanting to get huge profits is not only a test It’s just patience, but also mentality, that calm mentality when the market plummets!
Lao Huang can also say with certainty that this kind of adjustment will continue to exist in the coming days. When the long leverage in the market reaches a periodic peak, the market will focus on clearing out these long leverage in a certain period of time, and then It will continue to repair upward and continue to reach new highs!
In his testimony to Congress last night, Mr. Powell said: Policy interest rates may be close to their peak this cycle, and there is a risk of cutting interest rates too soon or too late. It may be appropriate to cut interest rates at some point this year. As for the view on core inflation, the word "significant" is cited, and it is believed that cutting interest rates too quickly may make previous efforts in vain, and waiting too long to cut interest rates will also have a negative impact on economic growth. Hurt, the market currently predicts that the Federal Reserve will cut interest rates in June, and the cumulative interest rate cuts will be 75 basis points.
Lao Huang still wants to emphasize that we are now in the bull market cycle of the crypto market, and we need to be mentally prepared for adjustments like the previous two days. Before the Fed's interest rate cuts are completed, the loose monetary environment will make it difficult for the market to directly enter the bear market. 69,000 is just the starting point of this round, not the end. When the Fed starts to cut interest rates (interest rates go lower), the price will be even higher.
