What did the market experience before the 312 crash in 2020?

In July, September, and October 2019, the Federal Reserve cut interest rates by 25 basis points each time, mainly to address pressures from global trade tensions, geopolitical risks, and a slowing economic growth rate, rather than due to a severe recession in the U.S. economy.

Therefore, it cannot be said that rate cuts will necessarily lead to a good market. After the 312 crash, on March 15, the Federal Reserve cut rates by 100 basis points, and it wasn't until October that a crazy double-top bull market cycle began. In March 2022, the rate hike cycle began, entering a period of deep bear market. In 2022, the Federal Reserve raised rates 7 times, totaling 425 basis points; in 2023, the Federal Reserve raised rates 4 times, each by 25 basis points, totaling 100 basis points.

Rate cut ≠ bull market?

Rate cut = bull market?

What are the reasons for the first rate cut? This requires a comprehensive judgment based on the macroeconomic environment. #BTC挑战11万大关