When big things happen, sit tight and hold on tight
- The U.S. dollar index is basically flat. Public holidays in Asia such as the Spring Festival have weakened market liquidity. However, Bitcoin has indeed risen for seven consecutive days, breaking through the 50,000 U mark.
- U.S. stocks were mixed, with Treasury yields falling slightly on Monday, with the 10-year Treasury yield falling from 4.186% to 4.17%
Moreover, the market currently believes that the possibility of the Federal Reserve cutting interest rates in March is only 15.5%, and the possibility of cutting interest rates in May is about 57%. The market's expectations for the Federal Reserve to cut interest rates seem to have dropped to a limit.
Against this background, the rise of Bitcoin is particularly valuable, and the independent market will naturally go fast and far!
This wave of targets first saw the 55,000 mark. If you want to ask me why, the risk of weakening US dollar liquidity is still there, and large institutions also have to allocate their own bullets when buying goods.
If you insist on holding it, you will make a profit, and there will be another bright future!
