🚨 [ Is the 🚨 downside driven by the recession cycle coming? ]

Next week 3/21 (Thursday) 2:00 The Federal Reserve will hold the March FOMC meeting, the recent cryptocurrency market, U.S. stocks have been strong, constantly breaking through record highs, and the market sentiment is optimistic, but the monthly increase in CPI in January and February is slightly higher than expected, this data may lead to the Fed raising the economy again, and even adjusting the possibility of hawkish expectation management such as inflation and interest rate dot plots
In addition, Minneapolis Fed President Kashkari and Atlanta Fed President Bostic both mentioned in their public statements that it is more appropriate to cut interest rates by 50 basis points in 2024, which is different from the current market estimate of 75 ~ 100 basis points, which has become the focus of market attention this time

💡 In the long run, do ❓ you need to worry about the market if it falls at a high level?
Kugler and Waller, two key committee members, said that Kugler believes that monetary and fiscal policy will have room to support demand in the future, and Waller said that it is reasonable to slow down the balance sheet reduction in the future. Therefore, there is no need to worry too much about the Fed's subsequent easing of monetary policy as expected, and the expectation of interest rate cuts this year remains the same

Quantitative easing is necessary only when the economy is not in a recession, and from the inverted low point of the yield curve to estimate 11-16 months, the recession period is likely to fall between March and June of 24 years, which is why many are bearish on the cryptocurrency market in March
And ETH has reached the first purchase price of 3,560 mentioned yesterday earlier, and the next position that can be vigorously increased is about 2,700, this price is likely to fall in the next 3 months, of course, it is still necessary to match the economic trend of the overall environment, but if the market really gives this opportunity, please do not hesitate to firmly increase the position 😎

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