Yellen's speech last night still revealed two important signals:
1. The US economy is stable and has hope for a soft landing: Yellen told everyone that the current economic situation in the US is quite good, a bit like sliding down a slide slowly, but not falling directly to the ground. She believes that as long as we are careful, the US economy may have a stable "soft landing", that is, slowly slowing down, but there will be no sudden problems.
2. The labor market needs to be protected, and interest rate cuts may still be needed: Let's talk about jobs. Yellen said that it is relatively easy for people to find jobs now, and the market is quite stable. However, this stability is also a bit fragile, like a castle built with a pile of small stones, which may fall apart if you are not careful. Therefore, she hopes that the Federal Reserve can continue to help and protect this "castle" by cutting interest rates, so that everyone's jobs are stable and they will not lose their jobs suddenly.
In general, Yellen's words gave the market a reassurance, telling everyone that the economy is okay, work is okay, and there is no need to worry too much. For the crypto market, although Yellen did not mention it directly, such economic signals are beneficial to the overall market environment. People may feel that there are more investment opportunities, so the price goes up.
However, although the price has risen, the turnover of#BTCon the chain is low, and the biggest possibility of the rise is still due to low liquidity. Therefore, we still need to continue to observe the effectiveness of the breakthrough of 65,000! (Strength, time, linkage!)
BTC
The daily closing price is 65173. Although it is higher than 65000, the strength is limited. The linkage effect of other sectors is general. Whether it can break through effectively still needs time to observe! The 65250-65500 given by the daily report the day before yesterday has a demand for short selling. This order is currently profitable. The target is 64200-63900! If it falls back during the day, first look at the demand for long selling at 64200-63900! The target is above 65000! If this position is broken, observe the buying opportunity at 63550-62700 below!
ETH
Ethereum did not break through in tandem, and is still oscillating in the range! So currently operate according to the oscillation idea! 2670-2700 above, 2580-2540 below! If it breaks through or falls below the range, consider the demand for short selling at 2750-2770 above, and buy at 2460-2540 below!
SUN
The daily high target given by the daily newspaper the day before yesterday was 158-162! Last night, 158 was accurately reached! If the current price falls back, we will first look at the effectiveness of the support of 151-152! Then look at 149-147!
