Hello, fans and friends, welcome to the president's channel
Yesterday, the big cake started the pull-up mode in the morning, and started a small rise from the lowest point of 54255. The highest point rose directly to around 58203, and then started a slow decline and fell back to around 54913 again, and then started a fast pull-up rebound mode. After that, it started a slow rise from 22:00 on the evening of the 8th, until 10:00 this morning, the big cake rose to around 57269. Then it started the falling wash mode again and again. Finally, it was repeatedly pulled and washed around 56500. Don't panic, brothers! At present, it seems that each decline has been stepped, and the amplitude of each decline is shallower. As long as it can break through the current pressure level, the big cake will start a straight-line pull-up trend for a large-scale callback.
Now the president will take the brothers to look at the relatively valuable information from yesterday and today
The correlation between Bitcoin and gold has fluctuated over the past three years, with the 30-day and 90-day correlation indicators showing intermittent peaks and valleys, indicating differences in the degree of correlation between Bitcoin and gold prices. At the end of the first quarter of 2024, the correlation between Bitcoin and gold showed an upward trend, with both the 30-day and 90-day correlations close to 1. This period coincided with Bitcoin hitting a new high before the halving in March 2024, and gold followed suit in May. However, over the past 30 days, the connection between Bitcoin and gold has become increasingly weak, similar to the trend recently observed between Bitcoin and the S&P 500. Bitcoin is currently decoupling from gold, so what's next? Will it decouple from the S&P 500 again? In the president's opinion, Bitcoin will once again stage a large-scale explosion mode at the end of this year and the beginning of next year, directly decoupling everything, just like Nvidia did some time ago. At present, it seems that everything is in place, only a rate cut is missing.
There is another piece of news that deserves your attention.
Scott Rubner, managing director and tactical expert at Goldman Sachs Global Markets, said that the U.S. stock market will experience two consecutive painful weeks starting in early August. A large amount of passive outflows from investors may weaken returns, and disappointing corporate earnings will force systematic funds to sell stocks. In the first half of 2024, there was a large-scale inflow of stocks from stock ETFs and mutual funds, the second highest on record, at $231 billion, and the subsequent August is usually the worst month for stock inflows in the year. Funds have been deployed in the third quarter, and no inflows are expected in August. "Buyers are out of ammunition, and I am watching for outflows," Rubner wrote in a report to clients on Monday. U.S. and global stock markets usually experience outflows before elections, and then resume inflows in November. Hedge funds usually have low net exposure before elections. In fact, the president currently believes that August is risky for global financial markets. At that time, the president will lead the brothers in the community to avoid the market risks in August in time.
In terms of contracts: The president’s suggestion is that you can basically start arranging your entry into the market. Go long at low levels for long-term contracts, and don’t make orders blindly for short-term contracts. The precise position will be given in the community later.
