This 50-point cut is a bit like compensation for the lack of a rate cut in July. Because after the lack of a rate cut at the end of July, there was a very bad non-farm payrolls data, and then the market fell sharply until August 5. So this 50-point start has a compensatory meaning. Since the rate cut cycle has begun, the conspiracy theory between China and the United States can be put aside. The Fed needs to find a balance between employment and inflation, and the normal situation will be 25. If inflation is high, the rate cut will be lowered, and if employment is poor, the rate cut will be increased.
For BTC, this month still maintains the pattern of falling at the beginning of the month and rising from the beginning of the month to the end of the month. It is very important whether the height in the end of the month can exceed the high point in August. Once it exceeds, it will form a situation where the daily lows are getting higher and higher, and the highs are getting higher and higher for the first time, then it is confirmed that 4.9 is the bottom and 52,500 is the second bottom.
