Yesterday the market finally caught its breath! The index rebounded from a low position, BTC temporarily broke away from that nerve-wracking key support level, returning to around 114,000 USD, and Ethereum also stood above 3,600 USD.
Last Friday's 'plunge performance' in the US stock market did leave people a bit dazed. Are they afraid of heights at such high positions? Or is it an overreaction to the revisions of the US Labor Department data? Both are possible. However, after a two-day weekend, everyone seems to have calmed down significantly.
Speaking of data, we can't forget the big move by the 'King of Understanding' Trump! Last Friday, he directly fired the head of the Bureau of Labor Statistics, and the reason? Unhappy with the 'watered-down' employment data, accusing them of exaggerating the numbers.
This move is really ruthless! Isn't the Federal Reserve supposed to only look at 'hard data' and maintain 'independence'? Fine, I’ll just turn over the table on the 'hard data' source you reference! The effect was immediate—the market's expectation for a rate cut in September skyrocketed from less than 50% to nearly 94%! This old man is indeed high-level in playing politics and the market.
Why is he in such a hurry to cut interest rates? On the surface, it's said to be due to the immense pressure of government debt interest. But if you think about it: the family assets of this 'businessman president' have indeed expanded by several hundred million USD during his term (and this is just what can be calculated on the surface).
Don't forget the token named after him, TRUMP, which has a market cap of just tens of billions! Not to mention the heavyweight new project WLFI, which is named after his son, with an off-market valuation even exceeding TRUMP, heading towards 20 billion USD! This project was originally planned for a token launch in early September, perfectly timed right after the Fed's meeting in September.
Why didn't they push when the market was hot in the first two weeks? The arrangement of the exchange might be one aspect, but it's more likely that they are waiting for a 'perfect timing'—waiting for interest rate cuts to make the market even more vibrant! A bull market atmosphere is the best background music for their 'party'.
Did you understand? When the President of the United States and his family are doing everything they can to 'add fuel to the fire' and push the bull market forward, what reason do we small players have to exit early and give up hope? The second half of the year has just begun, and time is still on the side of those who are patient. Stay steady, we can win!
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