2024.4.3 US stocks hit new highs, but JPMorgan is worried. Academicians in the currency circle analyze the Bitcoin market.
US stock news:
JPMorgan warned on Tuesday that the fact that US stocks continue to hit new highs amid signs that interest rate cuts may be delayed is worrying.
The bank's team of strategists led by Mislav Matejka pointed out in their latest report that US stocks have soared 30% since their lowest point in October last year, largely driven by expectations of a rate cut in March. Now, however, those forecasts have been pushed back significantly.
A closer look reveals that Wall Street initially expected the Fed to cut rates by 80 basis points, and in the most optimistic period, that number soared to 180 basis points, and now the forecast is back to 80 basis points.
"The stock market may have made a mistake by ignoring a recent turn," JPMorgan analysts wrote in the report, adding that corporate earnings will need to accelerate to fill the gap.
Coin Circle Academician: 2024.4.3 Bitcoin (BTC) Latest Market Analysis Reference
Bitcoin's current market price is around 66,000 before press time. It was 69,250 before press time yesterday. As predicted, the short trend is unilateral. This is why I only gave short ideas and not long ideas yesterday. Looking back at history, every time Bitcoin breaks a historical high, it is likely to be like this. Diving and washing the market, plus the three major US stock indexes diving, the market is moved by the news, and it is difficult to hold the support
Looking at today's market, Bitcoin is currently testing the bottom support of 64,500. Earlier articles mentioned the turning point of 64,500. If it does not break, it will be more. There is hope for a recovery. If it breaks, the overall bearish trend will hit the 60,000 integer mark, and there may be a stampede. So for the time being, we can focus on the 64,500 support point. At present, only 15 and 15 of the EMA trend indicators overlap. The K-line has fallen below the three major trend lines. It is expected to return to the EMA30 position of 66,300 for consolidation. The upper track of the Bollinger Bands moves down, and the K-line falls below the middle track and enters the bearish zone. The upper pressure is given to 67,600, and the lower support is 62,500. MACD shrinks and moves downward. This time the main force did not increase its funds. DIF and DEA spread downward from high positions. It is expected that this week, DIF will not pass the 0 axis, and the speed of KDJ spreading downward will accelerate (indicating that this wave of bottoms will soon fall and pull back)
The four-hour ultra-short trend shows that KDJ has begun to close, and the 66,000 mark may be concentrated. MACD has significantly shrunk and increased, DIF and DEA have slowed down their downward spread, and the opening of the Bollinger Bands is somewhat exaggerated. The lower trajectory is supported. It is just around 64500, and the middle track has 2000 points of space in the range near 68500. Then there is a short-term long wave in the short term. You can catch it. If you are not greedy, you can make a profit by about 500 points. The EMA trend line is now spreading downward alternately in a network shape. , it is clear that EMA15 has entered the low pressure point near 67000, so the overall trend may be reversed.
The specific ideas are as follows: the first entry point for long orders is 65400, the second entry point is 64500, the stop loss point for long orders is 64000 (reserve a little more space to prevent being swept or pinned), the first entry point for short orders is 67000 .The second entry point is 67500, and the stop loss is 68000 (the upper 68000 interval pressure zone is unstable in long and short positions. Non-professionals are not recommended to take it for a long time). The specific operation is based on real-time data of the handicap. For more information, please contact the author. There is a delay in publishing the article. , it is recommended for reference only and at your own risk.
This article is exclusively contributed by academicians of the currency circle and only represents the exclusive views of academicians$BTC $ETH $BNB #BTC #大盘走势 #比特币预测 #热门内容 #热门推荐
