A few major events tonight + trending opinions

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Let’s talk about some major events starting tonight:

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1. The U.S. Treasury Department’s bond issuance plan for the next three months at 20:30. Let’s see how much the U.S. is planning to issue this time and how much water it wants to take away from the market. To be honest, the current U.S. debt is still quite good. Compared with Staking Ether is stable.

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2. The Federal Reserve’s decision to raise interest rates at 2 a.m. currently predicts a 2% chance of a rate hike, which means there will be no rate hike. This means the rate hike cycle is over.

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3. Powell’s speech at 2:30 in the morning. If interest rates are no longer raised, then the content of the speech should be hawkish. Once the tools are put back in the toolbox, it is time to change the rhetoric. Although interest rates will not be raised, the balance sheet shrinkage and the rise of U.S. debt will be Same as continuing to raise interest rates.

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4. Finally, Biden delivers a speech on the future economy of the United States. You don’t have to watch the bragging part.

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These events tonight will interfere with the risk market, but encryption is currently an independent market, so it is estimated that there will be no impact.

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Finally, let me talk about my recent views:

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Recently, the team's order system has not made any transactions and has been waiting and watching. At this time, the risk of chasing higher is greater than shorting. The amplitude of the market is getting narrower and narrower, and the triangle shape is converging. 34730 is a position that needs attention. If it breaks through with volume, it will continue to rise. If you can't go up, you will look for support downwards so that you can go up again.

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The news currently has nothing positive except for the approval of ETF applications and is all negative. As long as the news is not implemented, there will be no significant decline. Even so, it is still bearish. Why? ?

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By speculating on expectations, you will make money with a high probability of making money. When the good news runs out, it will be bad news. It is still unknown whether this wave will show a calf trend, it depends on the position of 34730.

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Don't be afraid of being short, and don't panic if you don't have a position. It's not yet time, and buying the bottom is not necessarily the lowest price. You have to make sure that the bottom is formed and the bull market starts. This is the real bottom buying.

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The trend trading team sincerely invites us to grow together🚀

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