Brothers, this is incredible. Canada cut its interest rates last night. As a super economy among the seven major Western industrial countries, Canada's interest rate cut policy undoubtedly fired the first shot in the global interest rate cut trend.
A previous article in Tangren mentioned that Europe and the United States are opponents in the issue of interest rate cuts. Everyone is playing the "holding urine" game, and it depends on who can't hold it first.
Because whoever cuts interest rates first will show whose economic fundamentals are the worst, and Da Piaoliang, who is rich and powerful, will not be the first one to jump out and slap his old face even if his bladder bursts.
At this time, Canada, as a bootlicker, naturally has to stand up and give way to its big brother. Besides, in this round of economic cycle, Canada's main economic support: export data such as oil, timber, and metals have performed poorly, so it is not shameful to be the first to cut interest rates.
Following Canada, the important European Central Bank’s interest rate decision will be made at 8:15 tonight. The market expectation is 4.25%, the previous value is 4.5%, and the interest rate cut is also 25 basis points. Tang Ren believes that with the precedent of Canada, the European Central Bank’s interest rate cut tonight is basically certain.
After the Eurozone started cutting interest rates, based on the performance of each country's economic fundamentals, it should be the UK's turn next, and finally the US dollar. The expectation is still that interest rates will start to cut in September.
Of course, the focus still lies in the release of the big non-farm data tomorrow night and the core CPI data next week. If these two sets of data are in line with expectations, the door to the Fed's interest rate cut will be opened in September, and it is not impossible that it will even come earlier.
Once the interest rate cut begins, the entire crypto community will be driven into the climax of the bull market. By then, various targets will be frantically pulled up, and prices will soar like rockets. Brothers will really have no chance to get on board.
Therefore, everyone should cherish every opportunity of a pullback. Those who make money in the bull market are not because their fate is better than yours, but because they are able to seize opportunities. They often complete the ambush and layout before the big market starts. The only way to beat the market in the bull market is to have enough chips.
Back to the market, the Bitcoin ETF was able to reach a high of 70,000 this time, mainly due to the favorable external macro news. Yesterday, the Bitcoin ETF had a net inflow of 488 million US dollars, of which Fidelity had 221 million and BlackRock had 155 million. What makes people happy is that BlackRock is no longer the only one in the Bitcoin ETF buying spree. Fidelity's efforts have also greatly increased market demand. As of yesterday, the ETF had seen net inflows for 17 consecutive days.
The market outlook will become increasingly clear. As good news comes out one after another, it is inevitable that the market will break through previous highs and reach the climax of the bull market.
Of course, in this process, it is inevitable that the dealer will repeatedly wash the plate and clean the lever to throw the hesitant leeks off the car. Therefore, in the future market, maintaining sufficient confidence and patience will be the key to success.
Finally, in a bull market, what to buy and how to buy are very important. However, when to sell is more important. If you want to understand more about the interpretation and decision-making of the news, please follow me and leave a message below the article. Tangren will play the crypto circle with you.
Tangren’s interpretation of the market:
Big Pie: The volatility during the day is very limited. The market fluctuates around 71000 with only 500 points fluctuations. The top of the four-hour line is gradually forming. Continue to pay attention to whether the position above 70000 can be maintained. If it breaks, the market will go to around 68500. The upper pressure level is 72000 and the support level is 70000.
Auntie: The daytime market fluctuated in the range of 3785-3890 as predicted in our morning report. Today's market fluctuations are relatively weak. The four-hour line began to turn downward, but the pullback was not strong. Before the market has confirmed the reversal, it will continue to wash out in the range of 3785-3890. The upper pressure level is 3890 and the support level is 3800.
In terms of cottage: AI sector rebounded strongly (WID, which we ambushed in the early stage, will have a follow-up wave of rise), MEME sector has gradually adjusted back to the right place and can be ambushed to build positions. At present, the overall cottage shows a linkage trend. (Specific targets can be discussed privately) The STX position established by internal strategy the day before yesterday achieved a 34% return in two days. The market has not yet finished and continues to reach the target position. Continue to pay attention to the MEME and SOL ecosystems.
Tangren talks about strategy:
Since short-term strategies are time-sensitive and the market changes rapidly, many strategies need to be followed up and adjusted in a timely manner. Therefore, you can find Tangren by reading the introduction on the homepage of the article.
Strategy 1: Ambush W on May 18, entry price is 0.56, current price is 0.62, the increase is 20%, continue to observe, hold tight, target price is 0.8.
Strategy 2: On May 20, ambush wld, entry price 4.8, current price 5.003, continue to hold patiently, short-term target 8.5, long-term target 21.3.
Strategy Three: (New) On June 4, ambush STRK, entry price 1.22, current price 1.307, up 14%, continue to hold, short-term target 1.54, long-term target 2.3.
Tangren will announce other strategies at any time. Due to the time limit of the article, everyone needs to take the initiative to obtain the daily real-time strategy. If you are interested, follow Tangren and leave your ideas in the comment area. Let’s play and make money in the crypto circle together.
The essence of Tangren's trading strategy: the first step is to determine the trading cycle, the second step is to confirm the trading direction, and the third step is to formulate a trading plan. The plan must clearly state: where to enter, why to enter, how much to enter, how to exit, where to exit, and why to exit?
What should you do if you get the market right? What should you do if you get it wrong? If you don’t understand the market, don’t give yourself problems.
Each of my plans includes three predetermined results: exit with a stop loss, exit with a breakeven, and exit with a profit. Regardless of the result, I will review and summarize the gains of this plan after the plan is completed.
