Did you feel the small earthquake in the financial circle last Friday? When the unemployment rate data of the United States came out, it was like throwing a big stone into a calm lake, causing ripples everywhere and making it very lively!
Originally, we were thinking that a higher unemployment rate was good, and a rate cut was just around the corner. As a result, the plot turned around faster than a TV show, and the rate cut in September was a foregone conclusion, but the market had a look of "that's it?" What's even more amazing is that the non-farm data played a game of "hide and seek", far below everyone's expectations. Now, the small happiness of the rate cut has instantly turned into a big worry about the economic recession. The friends in the market, one by one, as if they had discussed it, began to sell risky assets, and the US dollar became everyone's new favorite, as if they could safely ride out this storm by holding on to it.
At this time, our CNBC big shot Ran Neuner stood up with an "I'm serious" expression on his face and shouted to the Federal Reserve: "Dude, take action! Otherwise we will really have to relive the nightmare of 2008!" He also suggested holding an emergency meeting. The posture was even more exciting than a Hollywood blockbuster.
Speaking of interest rate cuts, the cryptocurrency market is very happy. History always repeats itself. Once low interest rates come, Bitcoin will usher in spring. Traditional savings? Goodbye! Funds are turning to emerging fields to find new excitement.
But then again, the collapse of Japan's cash and carry business was the driving force behind this financial crisis. If this arbitrage game is played too big, the consequences will be serious. Add to that the enviable unemployment rate in the United States and the never-ending situation in the Middle East, and the market has been fueled.
As for me, I have been feeling a sense of uneasiness in the air recently, like a dark cloud pressing down on the sky, and a big storm is brewing. This is not just a matter for our small financial circle, it concerns everyone. Every day, I see hundreds of millions of dollars in liquidation records in the market, and I feel mixed emotions. Everyone is asking, where did the money go? Is the market too difficult, or are we too greedy?
Contract trading is really a high-risk game. But why are there so many people rushing in? Some people even use 125 times leverage. How strong must their heart be! In the final analysis, it is still desire that is at work. Leverage amplifies not only the position, but also our inner greed and anxiety.
As for the future, we still have to see whether the fundamentals can make a gorgeous turnaround and whether the Federal Reserve can make some positive monetary policy adjustments. Otherwise, this weak market may continue to play out, and new lows may come one after another. Panic sentiment is like a dark cloud that is reluctant to dissipate for a long time. The market needs a shot of cardiotonic to boost confidence, and can this shot be injected by the Federal Reserve? Let's move a small stool and sit and watch!
If you want to delve deeper into the cryptocurrency world but can’t find the direction and want to get started, you can follow me. I hope every encounter will start with friendship!
