#美联储降息 The signals recently released by Fed Chair Jerome Powell are quite interesting—supporting rate cuts. Once this signal was out, the US stock market opened higher, and Bitcoin and Ethereum also followed with a surge. Looks like the bulls are about to take off? But don’t rush.

The Bank of Japan still insists on raising interest rates, which has caused the market to become conflicted. So, the rally that just started is now pulling back. During the upward movement, there was no strong support force felt, and the rise was quite unsteady. This pattern is likely to continue until Friday—once the rate hike in Japan actually materializes, the market reaction might not be so mild. When that happens, the decline could be quite painful.