CryptoQuant Analyst: The Market is Experiencing the Third Convergence of This Bull Market, Similar to the Pattern Before the 2018 Rally
According to CryptoQuant analyst Axel Adler Jr, the market is experiencing the third consolidation of this bull market cycle on the daily time frame. This pattern is similar to the three consolidation patterns before the 2018 rally. He stated that the market will soon show the intensity of this consolidation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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After Waller's hawkish speech, the market focuses on "rate hikes", but Morgan Stanley says balance sheet reduction is more likely.
After the Jackson Hole meeting, the market's focus has shifted to interest rate hike expectations. However, Morgan Stanley economist Carpenter pointed out that Walsh's long-standing stance on reducing the $7 trillion balance sheet should not be overlooked. It is expected that the Federal Reserve may begin a balance sheet reduction of more than $1.5 trillion next year, partially replacing rate hikes.
