The Fed's policy shift and the rise in gold prices will help drive cryptocurrencies out of the bottom and widen the range of fluctuations🎢
As Fed Chairman Powell revealed new views on the relationship between inflation and the labor market in a recent hearing, market expectations for future monetary policy are changing. This cautious but important policy shift may bring new upward momentum to the cryptocurrency market.
The rise in gold futures is often seen as a signal of increased market uncertainty, and the current Fed's mild attitude towards inflation has reduced market concerns about future rate hikes. In such an environment, investors may seek a diversified portfolio to hedge against potential currency depreciation risks.
ETH, which we are concerned about, rebounded from the low of 2800 to above 3000 with the shock rebound, and began to continue sideways at the top of the small shock range. Brother Qiang believes that once there is a short-term decline, there will be a long opportunity to rebound to the next level. The strategy points are as follows
ETH: Buy long near 2955
BTC: Buy long near 56000
Set the corresponding stop loss point according to your personal stop loss tolerance range
Strategies are not absolutely accurate, refer to your own situation
New friends, please pay attention and follow Brother Qiang’s strategy
