The recent volatility in the cryptocurrency market has intensified, and the series of actions by the Federal Reserve can be described as a bombshell, with the underlying logic worth dissecting.
The Federal Reserve has fired the director of the Bureau of Labor Statistics, unexpectedly revealing a glimpse of data falsification in the U.S. economy. The Dutch International Bank warns that the dollar's rally is nearing its end, resembling a 'strong earthquake' in the financial market. The probability of a 50 basis point rate cut in September has soared to 80%, and Sweden's Nordea Bank confirms that the non-farm data has been heavily revised downwards, with a historical downgrade of 258,000. Global capital is rapidly fleeing dollar assets, and cryptocurrencies may become a 'floodgate' for funds, bringing opportunities for market growth.
Ethereum is facing 'triple pressure,' forming a 'death triangle' on the weekly chart, with increased pressure. The VIP technical team has issued a red alert; if it cannot break through within 48 hours, it may trigger a domino effect of on-chain liquidations. Last night, a whale dumped 32,000 ETH, causing the panic index to approach a meltdown, and retail investors need to be cautious, avoiding blind 'catching falling knives' and continuously monitoring the trends.
Bitcoin is experiencing fierce tug-of-war between bulls and bears, with three consecutive weekly declines, and the 50-day moving average has become a critical point of strangulation. Last night, Coinbase saw a sell order of 18,000 BTC, disrupting market sentiment. Goldman Sachs' model indicates that if the support level is breached, it could trigger a $470 million programmatic sell-off. However, under the expectation of rate cuts, institutions like BlackRock and Grayscale are secretly accumulating, with a bull-bear showdown imminent. Retail investors need to manage risk well, as there may be opportunities to buy at the bottom.
Opportunities and risks coexist in the market. Poor non-farm data has torn apart the Federal Reserve's policy 'fig leaf,' and the VIP forex group has already positioned itself, reminding to maintain keen insight. Although there are many uncertainties, opportunities are hidden in the volatility, and thorough research may yield rewards. It is essential to remember: investment carries risks and should be based on one's capacity to bear.
The Federal Reserve is writing a new script for the cryptocurrency market; we are both spectators and participants. Proper risk management is crucial to stand firm and await the market's 'answer'.
