Last night's#Federal Reserve Meeting, with a lot of information, let me break it down for you and see if it's bullish or bearish
✅ The expectation of two rate cuts this year remains unchanged, which is the biggest bullish signal, and the market breathed a sigh of relief.
❌ But the following points are not so friendly:
- Only one rate cut is planned for next year, originally two, which has been reduced;
- This year's GDP forecast has been lowered, economic growth may not be as optimistic;
- Unemployment rate forecast has been raised, indicating increasing employment pressure;
- Inflation expectation for the next three years has also been adjusted upward, with core PCE being more stubborn than before.
To summarize: Unchanged rate cut expectation = bullish, economic forecast downgrade + inflation pressure increase = bearish. Overall neutral, with the market moving cautiously and continuing to oscillate within the box.
#Ethereum is currently rebounding around 2510, and I personally do not recommend shorting at the upper boundary area of 2540. This time there might be a chance to break through the box. If successfully breaking through, first look at 2562, and if confirmed by a pullback, the next target could be 2617. But remember the premise: the box must be broken first.
Folks, America has made another big news
"Genius #Stablecoin Bill" has passed the Senate vote. This matter is actually much more important than many people imagine. According to the procedure, as long as the House of Representatives reviews and passes it, and the two houses unify a text, it can be sent for signature - theoretically, this is already a done deal, and stablecoins are about to truly enter the "legislative regulation era".
The market has long sensed this trend, with major institutions making frequent moves.
The Treasury Secretary also spoke out - he said that by 2030, the scale of stablecoins on-chain might reach $3.7 trillion, which is twice the current total market cap of Bitcoin! What does this mean? Such a large amount of funds entering the market cannot possibly drive the market only once. An Altcoin bull market will definitely come, and possibly multiple times. But I still have to emphasize: This Altcoin bull market will not be a "blind surge" where everything rises. The future market will be differentiated, following a "strong get stronger" logic - on-chain infrastructure, funds, users, resources, all are indispensable. Small coins, zombie coins, and fantasy coins basically have no chance. Many old Altcoins on CEX might have nothing to do with the new Altcoin bull market. #When will the Altcoin bull market come So now the key is not "what can fly", but - "how to reposition". Those projects waiting for the overall market to "incidentally lift them" should be cleared out early.
Only such projects are qualified to gain the main upward trend in the "regulatory era". Next, let's talk about "crypto stocks". This line is becoming clearer recently. Currently, besides mainstream Altcoins applying for ETFs, many listed companies are themselves increasing their crypto asset positions, and they are becoming true "crypto stocks".
Even the ophthalmology listed company Eyenovia said last night they would buy $50 million Hype... You might wonder: why are they hoarding so many coins? It's simple: they are betting that on-chain assets will become mainstream in traditional finance, staking their claim and waiting for the trend.
There's also the concept of "pegged coins": ETH/SOL/XRP/TRON are all laying out
Besides BTC-related, there are SBET pegged to ETH, SRM pegged to TRON, KIDZ/DFDV/UPXI pegged to SOL; VVPR for XRP, TRNR behind AI hot spot $FET, and so on. These companies are not issuing coins, but rather "token binding company equity" - you can understand it as "on-chain equity shadows". I personally am not against crypto stocks at all, I even believe crypto stocks are the ultimate form of previous "value coin" narratives. In the past, when you said a project was a "value coin", but it didn't even have a listed company, who would give it a valuation?
Future: Coinbase and Robinhood are preparing to open "crypto stock trading"
Coinbase has now applied to SEC to support crypto stock trading, and Robinhood is also working on it. FTX actually did this before, and although SBF crashed, many of his "forward-looking layouts" are being proven correct. Crypto stock trading might truly become a standard for CEX. And truly excellent US stock companies will become "stock-crypto integrated" - having on-chain assets and liquidity, while also raising funds in the capital market, operating on two lines, which is the long-term trend.
Lastly, let me say: The crypto is reshaping the global financial order
Stablecoin bill, ETF, crypto stocks, cross-chain clearing, DeFi structured products... These seemingly miscellaneous changes are actually revolving around one theme: "Making financial barriers lower, efficiency higher, and choices broader". Finance used to be a "privilege", but in the future, it will be "inclusive". We ordinary people can also participate in building a new financial system, but the premise is that you must first understand the trend, learn to reposition, and choose tracks. The stablecoin bill is just the beginning, the real market hasn't come yet.
That's it for the article! If you're feeling lost in the crypto world, consider joining my community to layout and harvest with the market! No threshold to join community WX+Q group: Communication+Q: 3806326575 or V: Mixm5688
