Market summary:
According to the current situation and data, if the data supports the expectation of a soft landing of the US economy, then the risk market will have to maintain a period of "junk" time under high interest rates in the future.
Of course, the junk time mentioned here does not mean blindly bearish. In the future, the market may enter a period of volatile decline, accompanied by a breakthrough rebound, and the cottage is not without opportunities. The sector rotation will still appear, but the continuity will be shortened.
As for where Bitcoin can pull back? It is impossible to judge now, because the passage of ETFs has given Bitcoin an additional channel for ETF purchases, which will increase the fundamentals and lower limits of Bitcoin. So now we can only take one step at a time. In the face of this market, we should reasonably control our positions and don't panic too much.
In terms of contracts, we can reasonably seize the range to do it, but we should pay attention to the fact that when the mood is low, the liquidity will decrease and the volatility will increase. Pay attention to controlling the risk.
This week, pay attention to the closing of the US stock market tomorrow. If it closes with a rebound, the crypto market should be able to get a respite over the weekend.
