It is now around four o'clock in the morning Eastern Time in the United States, a very special day, and everyone should not pay too much attention; referring to Trump's visit to China, the meeting will most likely also be in the evening, and today’s news won't have too much fluctuation. Focus on the results of the talks tomorrow on the 24th; from certain news, the key issues abroad are US-China trade, rare earths, and artificial intelligence. These three sectors have probably already agreed on part of the content; other topics can only be considered consensus. Now, our request is simply to wait for the news to come out and see the subsequent trends. Looking at the cryptocurrency market, today is clearly much more stable; after hitting a new high of 87385 on September 21, the recovery has been insufficient, the depth of the downward probe is inadequate, and there is still the intention of moving upwards. One reminder is that on the next upward move, the pressure point is not the ninety thousand mark, but rather ninety-two thousand, which was the turning point between the bull and bear market in the previous round.

Recently, more news has been circulating around the bulls; Federal Reserve’s Barkin: last week’s rate hike helps restore price stability, and future decisions on rate hikes will depend on data. Future data will basically be determined by this meeting, so there is no need to pay attention to other data. This meeting will directly decide whether the United States will continue its rate hike cycle or return to a monetary easing cycle. This belongs to monetary easing, not a rate cut cycle; everyone needs to understand this. The actual feedback to the cryptocurrency market is an intuitive capital inflow; Bitcoin ETF inflows today reached over 700 million, with recent average inflows maintaining over 500 million. This is also the core support for this upward movement; under such impact, Lao Cui once again reminds everyone to be cautious, as the market can turn at any moment.

Lao Cui summarizes: today I want to discuss some viewpoints that many of you might be unwilling to hear; among domestic users, many friends will look for information but do not filter it. Distinguish between facts and opinions; distinguish between data and emotions; look at different sources; do not believe in a viewpoint just because it "sounds comfortable." Do not “believe nothing,” but know why you believe, where the credibility lies. For example: this rebound belongs to emotions and not data, but the fact is that it has already risen; Lao Cui's bearish view is a personal opinion. And by looking at different sources, this incident can illustrate many issues; there are indeed many people who grasp information earlier than we do. When Lao Cui talks about this incident causing a rebound, it indeed sounds uncomfortable, but the fact is as such. Before the next round of rate hikes arrives, all predictions about the rate hike cycle are opinions, but this rate hike has become a fact; what kind of results it will cause depends on the subsequent extensibility. In the short term, Lao Cui's strong resistance is seen at the ninety-two thousand mark; in my personal opinion, leaving this point can help gauge the subsequent trend, and in the following week, a trend will be formed. Everyone can verify this viewpoint; those who want to enter the market must be cautious.

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