The non-farm data was lower than market expectations. The US dollar index plummeted to 101.6. The entire weekly line followed a convergent triangle with lower highs, which will test the 100 integer mark again. The weekly level decline C wave is about to emerge. When a whale falls, all things come to life.
Central banks around the world are still hoarding gold to fight inflation. The 2023 Invesco Global Sovereign Asset Management Study released in July showed that 85 sovereign wealth funds and 57 central banks manage a total of $21 trillion. "In the face of continued high inflation and real interest rates, investors are rebalancing their portfolios,"
In short, they are buying gold, storing it in vaults, and preparing for high inflation. The gold price has held the 1900 mark, and the short-term opportunities for bulls have increased...
So far this year, BTC prices have risen by more than 80%. On the other hand, gold prices have only risen by 4.6% during the same period. Central banks are still very cautious about digital assets. But there is no doubt that Bitcoin's recent performance has far exceeded that of gold. How much money do you think will flow into digital gold? $BTC $ETH $BNB #达摩院 #无界俱乐部
