Brothers, this is incredible. Tonight at 8:30, the core PCE price index for April will be released, with an annual rate of 2.8%, which is exactly in line with expectations and is a major positive.
Every time the plot is that there is a drop before the data is released, then a sharp rise after the release, and then a fall back to the original level, and this time is no exception.
As soon as the Beige Book report released by the Federal Reserve came out yesterday, the market was like being slapped in the face, and the market went down. Then tonight, another piece of candy came to calm the panic of the market.
As soon as the PCE data was released tonight, the market soared by more than 200 points to lure in more buyers, and then quickly smashed the market to muddy the water. This is the characteristic of the market in a bull market, with repeated and changeable rises and falls, which no one can see through or guess. It is said that it is easier to fish in muddy waters.
However, no matter how things change, the trend remains certain. Tangren believes that the PCE data released tonight is an important indicator of the June market, because the data is an important indicator reflecting the level of inflation.
It can be said that the PCE data largely determines the Fed’s attitude towards monetary policy, and the attitude towards monetary policy will determine when the interest rate cut will come.
On May 25, Tangren shared with everyone: the interest rate cut policy will directly affect the market liquidity and investor sentiment. This round of bull market belongs to the "interest rate cut bull market". When the interest rate cut begins, when will the bull market enter the explosive stage.
Therefore, tonight's PCE data is in line with expectations and can be said to be a good start for the market in June. According to this trend, the market trend in June will not be too bad. Combined with the implementation of the interest rate cut in Europe on June 6, there is still a high probability that a big interest rate cut will come in September.
However, Tangren has said more than once that the crypto circle cannot be judged by common sense. Often good news turns into bad news, especially when Bitcoin failed to reach 70,000 for six consecutive times in May. There is a high possibility that there will be a big market crash to scare off a group of undecided people.
Why is the 70,000 level so difficult to break through? The reason is that there are a lot of locked-in shares above 70,000, including new investors who chased highs in March and April, and also locked-in shares left over from the previous bull market.
Therefore, when the market rises to the key position of 70,000, the trapped shares will definitely be sold out. This will cause the market to repeatedly fail to break through 70,000. If there is a big market crash as Tangren is worried about, Tangren believes that it is a good thing. The market always needs a cleansing to be healthier.
Overall, the bull market is still healthy and the general trend has not changed. This year's bull market has transitioned smoothly in the early stages with the help of the Bitcoin ETF. The next market situation will depend on whether the Yitai ETF can be accelerated. If the Yitai S-1 document can be successfully approved in June, the market situation in June is very worth looking forward to.
Today is the last day of May. The market conditions in May can be said to have delivered a satisfactory answer to the market. The market started to take off from the lowest level of around 56,500 and rose to the current level of around 68,200, an increase of more than 20%.
Looking back at the analysis over the past month, Tangren's articles have been shouting to get on board and buy at the bottom at around 60,000 all the way, and his throat almost smoked. If you have been following the articles, I believe you must have gained a lot.
In addition to the mainstream targets with a return rate of at least 10%, the cottage sector can also get about 3 times the return. Since there are many ambush targets and sectors, I will not list them one by one here. Those who are interested can learn about them privately.
Finally, let’s summarize: Participating in the market itself is a process of continuous learning, and the fun of investing lies in the fact that it is full of uncertainty. Uncertainty means that everything is unknown, and the unknown can create infinite possibilities.
The profits of leeks are different, but their experiences of loss are similar. They chase the rise and sell the fall, they blame others and complain about everything, and they are hesitant in their actions. Being cut is not scary. What is scary is that they don’t reflect on themselves after being cut repeatedly. This is really scary.
In the crypto circle, complain less and be more grateful, develop the habit of investing and planning, constantly cultivate your inner self, summarize your experience, and over time you can also become a profitable investor.
In a bull market, what to buy and how to buy it are important, but when to sell is more important. If you want to grasp more news interpretation and decision-making, please follow me and leave a message below the article. Tangren will play in the crypto circle with you.
Tangren’s interpretation of the market:
Pie: Pie fluctuated around 68000 during the day and did not fall below yesterday's low, but the hourly level is still in a downward trend and has not stopped falling yet. We will continue to observe the stability of the 68000 position. If it breaks, it will fall to around 66500. The upper pressure level is 69500 and the support level is 66500.
Auntie: As we predicted in the morning session, the Ethereum market will continue to fall to around 3700 during the day. The lowest point of the hourly line fell to 3724 and recovered strongly. The four-hour line is in a range of fluctuations. Next, we will continue to pay attention to the stabilization of the 3700 position. If it breaks, it will go to around 3650 to find stronger support. The upper pressure level is 3880 and the support level is 3700.
In terms of copycat: the overall growth of copycat sector is good. The MEME sector has seen a large outflow of funds today. Pay attention to position control. The AI sector has had favorable news during this period and may usher in a bigger outbreak at any time. Now is a good opportunity for those who do not have a position. Continue to pay attention to the MEME sector, BRC-20 and AL sector (WLD).
Tangren talks about strategy:
Strategy 1: Ambush W on May 18, entry price is 0.56, current price is 0.581, there is a certain increase, continue to observe, sit tight and hold, target price is 0.8.
Strategy 2: (New) On May 20, ambush wld, entry price 4.8, current price 4.8, continue to hold patiently, short-term target 8.5, long-term target 21.3.
Tangren will announce other strategies at any time. Due to the time limit of the article, everyone needs to take the initiative to obtain the daily real-time strategy. If you are interested, follow Tangren and leave your ideas in the comment area. Let’s play and make money in the crypto circle together.
The essence of Tangren's trading strategy: the first step is to determine the trading cycle, the second step is to confirm the trading direction, and the third step is to formulate a trading plan. The plan must clearly state: where to enter, why to enter, how much to enter, how to exit, where to exit, and why to exit?
What should you do if you get the market right? What should you do if you get it wrong? If you don’t understand the market, don’t give yourself problems.
Each of my plans includes three predetermined results: exit with a stop loss, exit with a breakeven, and exit with a profit. Regardless of the result, I will review and summarize the gains of this plan after the plan is completed.
