The U.S. has canceled the 10% tariff on fentanyl for Chinese goods and suspended reciprocal tariffs for a year. China will also respond by buying some U.S. soybeans or relaxing rare earth restrictions. This is definitely Favourable Information for the stock market, but I wonder if Bitcoin can stop its fall. I'm hesitant to increase the position now; let's just watch the show.

BTC0.59%
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Wb3_fishvip
· 10-30 08:46
Capital has abandoned the crypto world.
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Wb3_fishvip
· 10-30 08:45
Yesterday, the Fed announced the end of a 29-month QT, which is Favourable Information, but Powell stated that there might not be an interest rate cut in December, which is Unfavourable Information. Now both sides are smoking — inflation is rising, and employment is slowing down. The core contradiction over the past two years has been prices; the core data for the non-tariff part has actually dropped to 2.3-2.4%. As long as tariffs are not increased, the overall inflation momentum will naturally decline. Now he is more worried about a sudden downturn in the labor market because the rate has already been cut by 50 basis points, and the marginal returns from further aggressive cuts are clearly diminishing. The key question now regarding whether to cut rates in December is that the liquidity from rate cuts is not flowing into the crypto world. I have found that my macro research works perfectly with the US stock market. During last week's live broadcast, I saw a good position in Nvidia and bought some, which reached a new high yesterday. This year, the crypto world has been completely abandoned by capital. Nvidia's market capitalization is already 50 trillion, while the entire crypto market's market capitalization is still less than 40 trillion. A little money from the US stock market flowing into the crypto world would create a big bull run. If this continues, I need to focus on the US stock market. Popular Science: QE: The Fed buys bonds - pays new printed cash - increases banks' investable funds - liquidity expansion QT: The Fed sells bonds - cash withdraws from the system - investment funds decrease - market tightens
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