Interest rates have been cut! Why is it still falling? What will happen next? I believe this is the question everyone is concerned about recently. The Federal Reserve clearly announced a rate cut yesterday and indicated a subsequent expansion policy, which is obviously a signal of quantitative easing. Why isn't the crypto market responding positively? Instead, after a surge, it rapidly fell back, essentially indicating that capital is voting with its feet. Firstly, there is only one rate cut plan left for next year. Secondly, the expansion plan is only to slightly increase liquidity, primarily through the repurchase of short-term U.S. Treasury bonds. This is not large-scale easing. Thirdly, inflation in the U.S. economy remains severe, and the best solution to curb inflation is still to raise interest rates. All three points restrict the fundamental importance of a rapid rise in the entire crypto market, and market confidence remains insufficient, leading to panic over the dollar liquidity. Additionally, there have been recent rumors that the Bank of Japan is preparing to raise interest rates. For a long time, the Bank of Japan's low-interest-rate policy has made the yen the largest 'online lending platform' in the entire financial market. The appreciation of the yen and rising interest rates are unfavorable for the entire crypto assets and precious metals. Therefore, although there is a rate cut this time, it still does not change the overall trend. Cryptocurrencies continue to maintain a trend of long and short positions fighting against each other, with range consolidation. Before the Bank of Japan's policy announcement, we still need to look for 2840 below ETH to arrange medium- to long-term long positions. $ETH
ETHUSDT
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3,081.3
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