The U.S. July CPI data has been released, which is a major positive for the investment market.
It aligns well with our previous prediction of a "rate cut" in September.
Previously, we mentioned that the two major criteria for a rate cut are:
1. Inflation is under control.
2. Employment data is poor.
After the significant downward revision of employment data at the beginning of the month, combined with this CPI,
the market's expectation for a rate cut in September is growing.
Therefore, after the CPI was released, U.S. stocks and the cryptocurrency market rose across the board.
Looking back at the beginning of the month when Bitcoin was correcting and Ethereum fell to 3350, many people were scared off.
At that time, the number I provided as psychological support in the group was
—— "Ethereum will definitely reach 4500."
Now 4500 is within reach, and just yesterday someone was shaken out of their position.
I am very pleased that a brother who has been continuously buying 0050 in the Taiwan stock market,
after seeing me keep shouting, actually started buying Ethereum ETFs as well.
When he asked me, the stock price was 19, and now it has reached 34.
Next, the external market is buying, buying, buying, releasing comprehensive positive news.
Including this time's "ETH Micro Strategy" BMNR,
constantly utilizing stock fundraising to further increase positions in Ethereum.
The market has already started to show a bit of FOMO sentiment; in a couple of days, one must take profits.
After the price stabilizes, I will lower the leverage on the editor's account and enter a sage mode.
It really seems like the beginning of September was the last chance to get on board.
The large institutions in the U.S. stock market have truly gone crazy.
