Wow! The US government is up to its tricks again, is the crypto market going to shake three times?
Recently, things in the US have been a mess, and the government is putting on a big show of "shutdown"! This is not just a minor issue; once the government really "quits",
the financial market will feel the tremors, and the Federal Reserve is also getting dizzy from all the chaos.
The market was originally eagerly anticipating the Federal Reserve to cut interest rates in December, hoping for money to flow and the crypto market to go wild.
But if the government shuts down, all economic data will disappear, like driving in the dark without headlights. The Federal Reserve's current mantra of "acting based on data" becomes empty talk; without data, who dares to easily cut interest rates? What if they hit the wrong accelerator? The financial market would crash.
If there is no interest rate cut in December, the US dollar will remain strong for a while, and cryptocurrencies like Bitcoin will experience short-term volatility; don’t expect to get rich overnight.
But don’t panic; the direction for rate cuts hasn’t changed, just like a show that will start, only that a friend is stuck in traffic and arriving late. The expectation for liquidity easing is still there, and money will eventually flow into the crypto market.
So, in the short term, market sentiment will be affected, and fluctuations are inevitable, don’t make reckless moves; looking at the long term, the future of the crypto market is bright.
Remember, the market sprouts in despair and rises in hesitation, stay steady and you can win!