First of all, the interest rate cut may be implemented in September. I have to talk about the interest rate cut here. Many people are confused. Is the interest rate cut good or bad for the cryptocurrency circle? Some people say it is good, some people say it is bad. Everyone is confused. What is it?
In fact, the positive and negative factors should be analyzed together with time and external environment. The essence of interest rate cut is that the interest rate is low, and people are more willing to borrow money to invest, which will theoretically push up the investment market. However, this actually has a premise, that is, when the economic environment such as inflation and employment rate is relatively good, if these environmental conditions are not good, then everyone will first spend the money borrowed at low interest rates on consumption and life.
This is why some people say that interest rate cuts are negative, and some people say that it is positive. Therefore, I personally think that this interest rate cut in September is just a beginning, and there will be more interest rate cuts in the future. Then the bull market will come as the proportion of interest rate cuts increases and the number of times increases.
Secondly, Bitcoin's own trend is indeed volatile, which is in line with the characteristics of sideways accumulation during a certain bull market rise. It has been almost half a year by October. Coupled with the promotion of some events in the US presidential election, the market should have a turning point.
The only situation that I am a little unsure or a little conflicting with my prediction is that the US stock market has been pulled up too much before. I don’t think there will be a new high this year. So will the big cake follow the US stock market or not in the future? This is a point that I am quite confused about. I can only say that I will wait and see for now.
