Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408
What are the significant impacts of the Federal Reserve's interest rate cuts on the global economy?
1. Stimulating economic growth: Interest rate cuts can reduce the loan costs for businesses and consumers, thereby stimulating investment and consumer spending. This helps to increase the speed of global economic growth.
2. Improve market liquidity: Interest rate cuts will lead to an increase in money supply, thereby increasing market liquidity. This means that more funds will flow into the financial market.
3. Reduce debt burden: For many countries and businesses, rising interest rates will increase their debt burden, while interest rate cuts can help alleviate this burden.
4. Improving competitiveness: Interest rate cuts can enhance a country or region's relative competitiveness by lowering the prices of exported products, thereby increasing its competitiveness in the international market.
5. Risk diversification: Against the backdrop of increasing global economic uncertainty, interest rate cuts can help diversify risks.
Since cryptocurrencies are priced in US dollars, interest rate cuts may lead to a depreciation of the US dollar, thereby reducing the purchasing cost of cryptocurrencies and having a positive impact on them. Therefore, the more interest rates are cut, the more favorable it is for cryptocurrencies. Let's take a look at the technical aspect next.
BTC Technical Analysis
In September, it fluctuated downwards and fell all the way to around 53000. After the weekly line closed, there was a wave of rebound, and at the same time, it stood on the middle track of the weekly line, MACD kdj double golden cross, with a high probability of touching the 70000 track. We will wait and see.
ETH Technical Analysis
Due to institutional selling pressure, the monthly line closed at the beginning of September and has since retraced to the mid track. Currently, the mid track of the monthly line has stabilized, and there is still room for an upward trend of around 2800-3000 on the weekly line.
So how should we respond to the arrival of a unilateral market trend? Teacher Zhao Yun, who has 8 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in!
Join the Three Kingdoms College Exchange Group to receive more services:
1. Real time troubleshooting (online one-on-one question answering and sorting)
2. Professional technical analysis and theoretical learning
3. Construction and improvement of trading system
4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land!
Official QQ group: 271175137
Tencent Meeting ID: 789-047-1408
Disclaimer: The above content only represents the author's personal views and is for communication and sharing purposes only. It does not represent the position or viewpoint of AICoin and does not constitute any investment advice or external contacts based on this. It is not related to AICoin and the consequences are borne by AICoin.
