Wednesday, Bitcoin, Ethereum, evening operation strategy! Bullish continuation breakthrough!
In the past two days, after Powell announced that he would not wait until inflation fell to 2% before cutting interest rates, the market was boiling, and global and US-related varieties rose across the board. As of the market, the highest rise reached 66,000, and then fell back. It did not break through the 67,800 watershed, but the market's optimistic expectations were opened.
Goldman Sachs even released a report expecting that the Federal Reserve will announce a rate cut at the July interest rate meeting. There are three main reasons:
First: The US core CPI only rose by 0.06% in June, so it is expected that the US CPI will be further moderate in July and August. In particular, housing inflation data has begun to weaken. Goldman Sachs expects that the June core PCE price index to be announced on July 26 will only increase by 0.19% month-on-month.
Second: The unemployment rate in the United States is rising and is close to the turning point. If the high interest rate continues to be maintained, the unemployment rate will soar sharply.
Third: The market has fully digested the expectation of a rate cut in September. The interest rate market now believes that the probability of the Federal Reserve cutting interest rates in September exceeds 90%. If the rate cut is clear, it is better to cut interest rates early than late.
At this stage, some people even believe that a 25BP rate cut in September is not enough, and a 50BP rate cut will reverse the decline in the job market and prevent a recession. Under such strong expectations, the market may challenge 73,000 again, but with the selling pressure from Mentougou, we should always be vigilant. In the strong period of the cycle, we can continue to step back.
In the afternoon, the intraday attack on 66,000 failed to stabilize and took an adjustment action, but the daily level big sun effect is still there. Yesterday morning, the breakthrough continued and closed strongly. Today is a very strong game. Now, the rhythm is accompanied by a step and a look back. It is normal. Let alone 66,000. As long as the adjustment time and nodes are within the range, the larger the increase will be when the buying volume comes out, once it continues, it will go out of the slow rise rhythm. Don't be afraid, continue to go long. Stepping back to yesterday's upward support area, give the position of 64,200 to touch more, and look at 67,800 is not too far.
Ethereum will be listed in the next few days. The announcement of the announcement spreads the market, and the buying sentiment is in it. After testing 3,500, it continues to leave expectations for the market to be bullish. Continue to go long and bullish breakthrough!Give more to the 3420 area, look at 3680!
