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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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What will the market trend be next?
I believe it will keep surging before the interest rate cuts, and then crash after the cuts. Those who say that the market will start to rally when the rate cuts begin can refer to what happened with Bitcoin right after its halving and the reasons behind the financial crisis.
In addition to data permitting, a possible reason for interest rate cuts could include "the interest rates being too high to bear," and even a monthly halving would slowly reduce from a high level, but it's uncertain how long it will take to decrease.
As for the interest rate cuts and monetary easing, you know, I know, and the one-eyed dragon knows. So do you think it will happen earlier or later? Since the probability of a rate cut in September is so high, August is likely to be a flying dragon market; it just depends on when the interest rate will be cut.
#BTC