It feels like a long bear market, at least there will be a market in the second half of next year?
The second half is too far away. Powell will retire in May, and the appointment of a dovish successor is seen as a positive by the market, so it’s appropriate to consider the positives materializing in the first half of the year. The easing factors in the first half include interest rate cuts and balance sheet expansion. With the new head of the Federal Reserve taking office, the realization of positives or greater easing may occur. There are also cyclical factors to consider, so be aware of risks. The Federal Reserve’s balance sheet expansion is coming too late; the last time was at the start of the bull market in 2020, and this time it is delayed. $BTC
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