Since July 2024, the global financial market has been turbulent, with U.S. and Japanese stocks plummeting, the U.S. dollar index falling, and Bitcoin prices falling. The reasons for the turbulence include the unwinding of yen carry trades, concerns about a U.S. recession, uncertainty in the U.S. election, and concerns about the sustainability of high-tech stocks. Market volatility will increase in the future, but the probability of a financial crisis is low.

Since August, non-agricultural data has been significantly positive, and CPI has also been slightly positive. These two data are positive. When the price of the currency has risen and fallen, it shows that at this point, the rise in the price of the currency has not paid much attention to the data.

The first stage can be defined as the process of oscillation and accumulation in the bull trend, oscillating and washing the market, accumulating energy and rising again, and the next wave of rise is also accompanied by a forced short trend, which is basically to digest the implementation of the September interest rate cut. In the process of oscillation, many people will lose their way. $BTC $ETH