Currently, the market generally expects the Federal Reserve to cut interest rates, hoping that it will trigger a new round of bull market.
But the reality is that in the past few rounds of crises, the world has long since overdrawn its easing measures, and now there is almost nothing left. Further rate cuts and more stimulus may be ineffective and could instead trigger an unprecedented economic crash.
Today, Bitcoin has fallen below the 103,000 mark, briefly touching 102,954, down 0.56% in the past 24 hours; Ethereum has also lost the 2,500 mark, with a low of 2,483, a 24-hour decline of 1.74%. Overall, the short-term trends of the stock market and the cryptocurrency market have diverged, and investors should be cautious of potential correlation risks.
Last week, Ethereum surged nearly 40%, causing shorts to be liquidated, and the market began to look forward to the return of the bull market; however, this week it quickly corrected, with confidence in the rebound greatly increasing, leading many to heavily short the market. Some investors are also cutting losses amid the volatility, hoping to buy at a lower price.
But if one only focuses on the short term, it is easy to misjudge the direction. In fact, the weekly bullish line from 1,400 to 2,000 for Ethereum has broken through the previous downward trend, and the long-term bullish trend has just been established. A slight correction is merely a rest, not a peak.
Those who were stuck in long positions last night need not worry too much; the market will come back. Currently, the bearish momentum is very strong, and it is not advisable to pursue shorts.
Remember one thing: the outcome of the market has long been determined in the larger cycle. Don't be blinded by short-term fluctuations; real opportunities belong to those who see the big picture clearly.
The small circle also successfully profited last night, and if there are changes in the market, the small circle will notify.
Focus today: ETHFI DOEG SIREN
