Currently, the entire internet is closely watching the Federal Reserve's interest rate cuts, but this wave of good news has actually been realized, with $BTC rebounding from 80000 to 94000 driven by expectations of the Federal Reserve's interest rate cuts. Next, the key will be the yen's interest rate hike next week!

Looking back at 1998, after Japan ended its ultra-low interest rates, the Asian financial system nearly collapsed, and many countries couldn't withstand the pressure. The yen's interest rate hike is a negative for the global capital markets, as at that time everyone borrowed yen to buy US bonds; when the yen strengthens, they would sell US bonds to return to yen, causing US bond yields to soar, and high-risk assets were all hammered down. This logic still applies today. $SOL $BNB $ETH

Moreover, the recent contract holding data is strange, as if waiting for interest rate cuts to reap profits. The real test will be the yen's interest rate hike and CPI data next week; if CPI significantly exceeds expectations, the market will be caught in a pincer movement. Pay attention to the Federal Reserve's interest rate cut and Powell's speech; a dovish stance may rebound, while a hawkish stance combined with the yen's interest rate hike will make the situation even more difficult, so everyone be careful!