JPMorgan "flips" in a week! From "no rate cuts" to directly calling for two consecutive cuts starting in December.

This reversal is too fast - just a week ago, JPMorgan stated that the Federal Reserve would delay rate cuts until January next year, but today they changed their stance directly: they will cut rates in December and another 25 basis points in January!

The "recent possibility of interest rate cuts" statement from New York Fed President Williams has directly shifted the expectations of investment banks. It is important to note that a turn from an institution of JPMorgan's level is essentially like handing the market a "stabilizing pill"—the expectation of interest rate cuts is now truly solidified.

For the cryptocurrency market, the expectation of loose liquidity has added fuel to the fire, and it remains to be seen whether this wave of good news can break the resistance level of BTC at 103500. #Gate广场圣诞送温暖 #非农数据超预期 #反弹币种推荐