On Friday, the Federal Reserve finally gave in and started cutting interest rates in September as scheduled; it was time to end everything; as soon as this was said, the market's expectations of a rate cut were released on a large scale, and the cryptocurrency market also surged immediately. However, Lao Peng would like to remind everyone to pay attention to some details:
First, the current trend is based on expectations. The subsequent issue is whether the rate cut will be 25 basis points or 50 basis points, but this will not have much impact. The market just wants one sentence from the Federal Reserve - a rate cut in September; now the Federal Reserve has given the market, so the market has a large-scale expectation of a rate cut, the US dollar has plummeted, and the cryptocurrency market has soared;
Second, (1) If there is a real rate cut in September, the expectations have been released. If there is a real rate cut, the cryptocurrency price may not necessarily rise, and the US dollar may not necessarily fall; (2) The second trend is that the Federal Reserve is ridiculous and does not cut interest rates; (3) The third trend is a continuation trend. If there is a real rate cut in September, the US dollar will continue to fall, and the cryptocurrency price will continue to rise. There are three trends in total. The specific situation depends on the market's trend space from this period to September; the space determines the details of whether there will be a rate cut in September.