Last week, everyone thought that the Fed would cut interest rates ahead of schedule because a series of US economic data fell short of expectations, and the Bank of Canada and the European Central Bank announced rate cuts one after another. But on Friday, the situation suddenly changed. The non-farm data exceeded expectations, which severely hit the Fed's expectations of rate cuts, BTC plummeted, and the copycats were bleeding. The market has not rebounded well in the past two days. There are two major nodes coming, and it depends on here whether it will live or die: On Wednesday, CPI data will be released, which is lower than expected. On Thursday, the Federal Reserve will announce its interest rate decision and a summary of economic expectations, and then Powell will give a speech. Every time the data is released and before Powell speaks, the market falls. Old guy, he makes people lose money. When will he step down?
So it's completely a cut, a double kill up and down. So I don't want to move at all. I'm losing money just by leaving it alone. I can only say let me sleep for a while, sleep, sleep.
