$ETH How to operate with interest rate cuts approaching?
On the 6th of this month, it was mentioned that Ethereum has a higher peak expectation. Last night, due to speculation of a 50 basis point interest rate cut, the market started early, and the higher peak has indeed arrived. If there are still long positions coming from the bottom, they can continue to hold for higher profits. Entering the market now carries significant risks because if today only sees a 25 basis point cut, those who bet on a 50 basis point cut last night will take profits, leading to selling pressure in the market. Currently, Sol is performing stronger than Bitcoin and Ethereum because several tokens on the Sol chain have violently driven up Sol's liquidity. Today, being cautious without bottom positions is also a good choice.
