The Crypto Assets market has recently experienced a pullback, triggering investors' attention to the market direction. In the short term, the outflow of ETF funds indicates that market sentiment is becoming more rational. Bitcoin may dip to around the 30-day moving average support level near $114,000, while Ethereum may retreat to around $3,200. After a month of rise, it is normal for the market to enter a consolidation phase, and investors need to remain vigilant, as the Fluctuation of Bitcoin may have a chain reaction on other Crypto Assets.

However, in terms of long-term trends, the market focus has shifted from inflation issues to expectations of interest rate cuts by the Federal Reserve. The market generally expects that the rate cut next year may reach 76 basis points, far exceeding the previous expectation of 25 basis points. With the imminent change of the Federal Reserve Chairman, the new chairman may adopt a more accommodative monetary policy. At the same time, the attractiveness of U.S. Treasury bonds is declining, and global funds are gradually flowing towards the Asian market and the Crypto Assets sector.

It is worth noting that the attitude of countries around the world towards Crypto Assets is becoming increasingly friendly, and the policy environment is gradually improving. This trend provides favorable conditions for the long-term development of the Crypto Assets market. Overall, the potential interest rate cuts by the Federal Reserve, the shift of funds from traditional assets to Crypto Assets, and the support from various national policies are all positive factors for the Crypto Assets market.

For investors who previously missed the entry opportunity, a pullback of Bitcoin price to around $114,000 may provide a good buying opportunity. However, investors still need to carefully assess the risks and develop reasonable investment strategies. In this rapidly changing market, it is especially important to remain calm and rational.