In his speech at the Jackson Hole annual meeting, Federal Reserve Chairman Powell mentioned that the U.S. labor market may experience a greater slowdown, and the cost increases caused by tariffs may ease the pressure on inflation, suggesting that there will be a rate cut in September. Following his speech, market bets on a rate cut in September significantly heated up. Traders currently believe the probability of a rate cut is close to 90%, up from about 75% before the speech. Investors reacted by aggressively increasing their positions, pushing U.S. stocks to strengthen across the board. As of the close, the Dow rose by 1.89%, setting a new historical high; the Nasdaq rose by 1.88%. Currently, the cryptocurrency market #ETH创历史新高 /#BNB创新高 .
For the impact of Powell's speech on the cryptocurrency market, I believe that the altcoin season will fully begin. What we need to do now is to have spot holdings and hold them firmly. Don't be greedy and open positions in altcoin contracts; although we have entered altcoin season, a sudden pullback can still lead to liquidation. Moreover, there are currently too many altcoins, and the funds will rotate for speculation. Even if you open a low-leverage position of 2-3 times, when the funds are not pushing your coin, others may double their investments while you only gain two or three percent, and during a market correction, you may lose all your gains and even incur further losses, directly pulling you out of a bull market. Slow is fast; with spot holdings, just steadily making profits is enough. At present, I believe the probability of mainstream coins rising is greater, and only when the market goes completely crazy will small coins rise.
