扛单boy
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Bearish
The Federal Reserve's dual mandate: Maintain employment, maximize job opportunities, control prices, and keep inflation low.
Currently, the unemployment rate in the U.S. is around 4.2%, which is at a polar level, with good employment; the core inflation rate is at 3.1%, which is over 50% higher than the Federal Reserve's long-term target of 2%, indicating an inflationary state. This is also why the Federal Reserve is hesitant to cut interest rates.
Looking at the trends of BTC and ETH, they have not been able to rise; currently, the price of BTC is half a month past its historical high (124,000) without a rebound, and the price of ETH is five days past its nearly three-year high (4,957).
Even if it’s not a bear market, based on U.S. economic data and the trends of the two major cryptocurrencies, an adjustment period has arrived, so be aware of the risks.
Because U.S. economic data does not support the Federal Reserve cutting interest rates, unless the Federal Reserve is controlled by Trump 😎
Regardless, some U.S. economic data will be released tonight, and I continue to hold a bearish view, having heavily shorted the market 😎
By the way, is this the structure of an M-shaped top? 😎
Currently, the unemployment rate in the U.S. is around 4.2%, which is at a polar level, with good employment; the core inflation rate is at 3.1%, which is over 50% higher than the Federal Reserve's long-term target of 2%, indicating an inflationary state. This is also why the Federal Reserve is hesitant to cut interest rates.
Looking at the trends of BTC and ETH, they have not been able to rise; currently, the price of BTC is half a month past its historical high (124,000) without a rebound, and the price of ETH is five days past its nearly three-year high (4,957).
Even if it’s not a bear market, based on U.S. economic data and the trends of the two major cryptocurrencies, an adjustment period has arrived, so be aware of the risks.
Because U.S. economic data does not support the Federal Reserve cutting interest rates, unless the Federal Reserve is controlled by Trump 😎
Regardless, some U.S. economic data will be released tonight, and I continue to hold a bearish view, having heavily shorted the market 😎
By the way, is this the structure of an M-shaped top? 😎
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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