Powell made a sweet speech to prepare the markets for an interest rate cut at the meeting on October 29 this month. By saying that balance sheet reduction, or QT, is ending, he actually announced the next phase of the game. The net QE, or monetary expansion period we expect, starts next year. In the past, there were periods with neither QE nor QE, but since 2008, there hasn't been such a situation. Given the state of the US economy, it is unlikely that there will be such a stable time in the future.


Nothing changes in the big picture of crypto; the reason I keep bringing up whether a bull is coming or a bear is going to peak is that people want to hear the answer to this again and again. Otherwise, there is no situation for me to question this myself. #Bitcoin will run from ath to ath again when it permanently breaks $ETH 5000, and the atmosphere will be lively again.
Drawing lines with hourly and minute charts and breaking your head on futures is not a solution. A billion-dollar system that will create positions against you with countless market maker bots, whales, hackers, technical errors, pump phenomena, and the American president, and a lot of manipulation that this system will do, will mostly benefit those who can sit in spot with DCA.
BTC0.15%
ETH1.37%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)