Give me a reason not to increase in the second half of the year!
Events that are about to happen in the market:
1. Fed Chairman Powell will speak at 00:30 on July 16.
2. US retail sales data will be released on July 17, which is related to the expectation of interest rate cuts.
3. The European Central Bank will announce its interest rate decision on July 18.
4. Trump will speak at the BTC conference on July 25-27.
Today, the European session will step back to around 59800-60200 to see if the decline has stopped, and then rush to 63800 to take liquidity.
The long-term still depends on the time node. The probability of a direct V-reversal is low at present. It will rise from 58500 to 66500.
However, even if you copy the band, there are 10,000 points from 53K to 63K, and the profit is indeed attractive.
It can only be said that in the bull market cycle, there is no absolute bottom for bottom-fishing, only a relative buying opportunity. The purpose is to make money, not to compare who buys at a lower price and holds it for a longer time.
