The market has chosen its direction, and this week, it has emerged from the weakest situation for bulls. The US stock market broke through the neckline support last night, and the big cake lost 17360, and the market entered a decline cycle.
I think the future is good, but we have to get through this period, which is accompanied by disappointment. Of course, I understand that the market has entered the end of the bear market. Just get through it.
In fact, the market is not panicking about the Fed's statement, but is just creating space for it to go down. Because the interest rate hike has definitely entered the later stage, which everyone knows, but it is just that the time for the interest rate hike will be a little longer than expected, but is this enough to kill the market? In fact, not really, it is just that under the current situation, the market is unlikely to go bullish, but it is suitable for large-range fluctuations. This is the best choice for US stocks, and you can also continue to collect chips while observing the inflation situation in the future, because Powell's statement is actually one of the risks of the market, that is, the situation of the job market and the concern about inflation. From this perspective, the future non-agricultural data will be very important.
Both Bitcoin and US stocks are looking for their final positions. After falling from 2.52w, they have entered the final bottom-finding period, which is not far away. It will definitely be around January, but it is hard to say the exact time, but now it should have entered the final decline cycle. In the short term, it is expected that the rebound will continue to fall, which is more likely. In the medium term, there is no need to worry too much, just get through this round of decline.