The market script in my heart 1

The phase low point from November to March next year should be around 90,000.

Many people think that expanding the table means a large expectation of liquidity, but I think that is too one-sided.

History is the best textbook; expanding the balance sheet actively stimulates the economy and maintains financial stability in a technical sense, only meeting the market's short-term demand for cash.

Proactively stimulating the economy refers to the bull markets brought about by QE in 2008 and 2020.

The technical stability measures and balance sheet expansion refer to 2019, which are merely to maintain the stability of the financial market in the short term.

Actually, it's quite similar to the logic of proactive interest rate cuts and defensive interest rate cuts.

I believe that the behavior of expanding the balance sheet this time is consistent with the purpose of 2019 and will not directly initiate QE.

Therefore, it will be extremely difficult for Bitcoin to break new highs and reach 150,000 USD between November and March next year.

However, during the weak rebound of the volatility, there should be a wave of MEME market, most likely around the time before and after the Chinese New Year.