‼ ️‼ ️The market is about to usher in a bull market!
‼ ️‼ ️If you are still confused about the market, after reading this article, it may be able to point you in the right direction! !
After the Federal Reserve cut interest rates by 50 basis points, our central bank also announced a 0.5% cut in reserve requirements, releasing $140 billion in monthly liquidity, heralding the start of a global easing cycle!
Judging from the changes in the M2 money supply of the world's major economies, the price of Bitcoin is closely related to the M2 currency. Global liquidity is currently rising, but currency prices have not risen significantly in recent days, indicating that there is a bullish divergence in the market.
💥💥Although there is a short-term southward correction in the short term during the day, the daily lines of the big pie and the second pie are both above the middle track of the Bollinger Bands and touch the upper track, proving that bulls are still strong.
In terms of institutions, ARKB's net inflow in the first two days was US$203 million, and Fidelity's net inflow also reached US$123 million. The influx of large amounts of funds promoted market liquidity and stimulated further market development.
Expectations for the Federal Reserve to cut interest rates by another 50 basis points in November have sharply increased! The recent large-scale accumulation of holdings by major whale institutions has injected a certain boost into the market.
💥💥What is more worth mentioning is that the A-share market will be closed for a week in the past period. The cryptocurrency market will undoubtedly be the choice of more people, and there will be a larger inflow of funds into the cryptocurrency market in the next week.
So far, September this year has been the best September ever. The market rebounded strongly from 52,500 to around 64,500, an increase of 14,000 points. The market's adjustment in recent days seems to be the result of the strong pullback in October, which is the last step to gain momentum.
‼ ️‼ ️In this regard, Lao 8 believes that the current small correction will not affect the future upward trend of the market. Above the support level of 65,000, it is a good strategy to buy on dips and stop losses if it falls below the level.
🚨🚨I am Lao 8, a man who likes big waves. I welcome like-minded friends to follow me and leave messages.