Yesterday's Non-Farm Payrolls were actually within our expectations. In fact, it has already been confirmed that interest rates will be cut. It is expecting that interest rate will be cut. Interest rate cut signifies that the positive effects are fully realized, and the negative impacts are settling down. Those people on Wall Street are already prepared to unload their assets.
[source](https://pixabay.com/photos/stock-trading-monitor-business-1863880/)
Just waiting for the day of the rate cut, slightly pulling it up, then after the rate cut, there will be a pullback to shake out the bulls and the retail investors, followed by two months of consolidation, and then around January, there will be a big surge, leading into a bear market. This is my understanding of the scenario. As for the upcoming CPI, it no longer matters whether we pay attention to it or not; the rate cut has already been confirmed. The current focus should be on when to start the pullback and when to watch for risks.
After the Fed's rate cut, there will be a trap to short the bears, shaking off retail investors. The Fed will continue to implement monetary easing policies, and assets like Bitcoin and Ethereum will all reach new highs.
However, at this moment, I believe Scenario One is more likely. With so many companies and institutions buying Ethereum to push it up, a reason is needed, and retail investors must absorb Ethereum, Bitcoin, and Solana. If you have questions, feel free to leave them in the comments, and I will answer them one by one.
