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研亦有道
研亦有道
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加息,会把这轮币圈牛市直接干没吗? 我先说个人观点:没那么夸张。 很多人一看到加息,就条件反射觉得“流动性收紧,币圈完蛋”。 但把BTC历史行情拉出来看,你会发现事情没这么简单。 2013年、2021年那两轮大行情,都是在高利率甚至加息环境里走出来的。尤其2021年,甚至还碰上缩表,结果BTC照样一路狂飙。 为什么? 因为币圈真正的大变量,很多时候不是那几个百分点的利率,而是行业自身的增长和资金体量变化。 股票一年涨10%,利率从3%到5%,资金确实会纠结一下。 但如果一个市场一轮周期能涨几倍甚至十倍,你觉得资金会因为多出来那2%的利息就彻底不玩了吗? 再说体量,币圈相对传统金融市场还小得多,哪怕只是边际资金进来,对价格的冲击都可能非常明显。 所以我更愿意把加息看成行情的阻力,而不是牛市的开关。 真正决定牛市能不能继续的,还是增量资金、行业成长和市场自身周期。 别一看到加息两个字,就先把自己吓下车了。 $BTC $ETH $ZEC
研亦有道
研亦有道
#The probability of another Fed rate hike in October exceeds 55% The probability of another rate hike in October has already surpassed 55%. Is BTC about to replay 2022? I think it's not that simple. In 2023, the Fed raised rates 4 times, yet $BTC rose from 16,000 all the way to 32,000. Later, the market shifted from "continued rate hikes" to "pause," then to "rate cut expectations," and BTC ultimately surged to 73,000. What the market is really trading is not the rate hike itself, but whether expectations have started to turn. Now that the probability of another rate hike in October has risen back above 55%, there is naturally short-term pressure. BTC is currently around 77,000, with 75,500 being a key support level I’m watching. Only if it climbs back above 78,000 will there be a chance to test 80,000 or even 81,500. $ETH is also looking at around 2,400; as long as it holds here, the structure isn’t broken. Only by climbing back above 2,500 can the weakness truly be reversed. So don’t just focus on "more rate hikes" now. What really matters is whether this probability can drop back down from 55%. As long as oil prices, inflation, or employment start to improve, the market may begin to trade the next phase early. By the time rate cuts actually happen, it’s often no longer the most comfortable position to be in.
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Snapshot at Sep 18, 2026, 15:54

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