There is no need to over-demonstrate your strength. The key is to gain recognition from more people. On the road of investment, it is more important to do your best than to prove your strength to others. You will know whether it is a mule or a horse by taking it out for a walk.
As a senior person in the cryptocurrency circle, I have been committed to providing useful suggestions to everyone, hoping that everyone will take fewer detours and make fewer wrong orders in this market. Although I am sincere, the road of investment still needs to be explored by yourself. Learning is endless, and the experience gained is the real wealth!
Here, I wish my fans to achieve financial freedom in 2024. Let’s work hard together!
In just the past few months, Wall Street's expectations for the number of interest rate cuts by the Federal Reserve this year have dropped from 7 to 3, and now, that number may drop further to 0.
At the end of last year, due to the rapid decline in US inflation, although the Federal Reserve expected to cut interest rates only three times this year, Wall Street believed that the Federal Reserve would push for interest rate normalization more aggressively and expected the Federal Reserve to cut interest rates as early as March, reducing the federal funds rate from the current level of 5.25-5.5% to 3.5%-3.75% for the whole year.
Now, under the influence of a series of economic data in the past few months, the Fed's first rate cut this year has not yet been implemented, and the market has reduced its expectations for the number of rate cuts from 7 to 3.
Last week, as several Federal Reserve officials came out with hawkish sentiment, the U.S. Bureau of Labor Statistics also released extremely strong non-farm payrolls data, which led more and more economists on Wall Street to predict that there might be no interest rate cut this year.
2024.4.7 Bitcoin (BTC) latest market analysis reference
Bitcoin arrived at the predetermined point at 7 o'clock in the morning. Congratulations to everyone for following along and making money. After 7 o'clock in the morning, the news showed 999+. There is really no way it would be too much. The students who are studying in the real account will be the main ones. I will update my articles as soon as possible. I have reminded everyone for several consecutive days to focus on low-long positions (the risk of high-level short positions is greater than the return of waiting and watching). Yesterday's title was eye-catching enough. It stood firm at 68,000 and long positions could be opened at any time. It is a foregone conclusion that it will hit the 70,000 integer mark. We are at 66,600 and have set a profit of 69,200. We will continue to look up. It is temporarily at the 2,600-point high ground. Can we go short? (The main force cannot go back and forth at 70,000. The market will not always go up unilaterally, nor will it go short unilaterally as everyone expects.) The probability of consolidation is the highest
Let's look at today's market. As of press time, the current price of Bitcoin is around 69,400. The daily K-line has a top divergence, standing above the trend indicator EMA, and the bottom standing point has been raised to 68,500. The KDJ upward golden cross has begun to spread (many have not yet completed, just formed). MACD and K-line have formed a top divergence trend, and the volume has shrunk and thickened and started to rise. DIF and DEA closed at a high level (expected to hit the 70,000 mark again). The Bollinger Bands have slightly risen, and the K-line has stretched after standing on the middle track of 67,800, and the upper track space has reached 73,000 (it will not reach it in the short term, but you should pay attention to this mark).
The four-hour K-line shows that the EMA ultra-short trend begins to show bullish energy indicators, which alternately spread upward to provide support points for the K-line, which means that the bulls have just begun to exert their strength (there is a good space to catch a wave in the short term). The K-line came to the upper rail pressure level of the Bollinger Band near 69,600 (indicating that there is resistance above and the trend may continue to stretch after a correction). The lower middle rail support point of 67,500 can be temporarily ignored. The layout point is above the 68,000 I mentioned yesterday. MACD increased its volume and DIF and DEA ended the polarization. DEA just passed the 0 axis. There is still a wave of trend that has not been completed. Short-term longs continue. KDJ is still spreading upward. The upper space has not been completed yet, so the idea is still long for the time being.
Operation idea reference: The first entry point for long positions is 68500, the second entry point is 68000, and the stop loss is 67500 (the specific 68000 mark is 500 points lower to prevent the main force from inserting needles to wash the market). The short entry point is not provided for the time being because the bulls are currently strong, and the risk of shorting is greater than the return. It is better to go with the trend. The first exit point for long positions is 69800, and the second exit point is 70500. Pay attention to the vacuum zone above (changes in the range of 70500 and 71300). The specific operation is based on the real-time data of the market. For more information and details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and the risks are borne by the user.
This article is exclusively contributed by Huolang.com and only represents Huolang's exclusive views. We have conducted in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article delivery, the above views and suggestions are not real-time and are for reference only. Risks are borne by yourself. Please indicate the source for reprinting. Reasonably control your positions when making orders. Do not operate with heavy or full positions. Huolang also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and do not let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and stay calm. It is not too late to wait for the trend to finally become clear before taking action.
Tomorrow's success comes from today's choice. Heaven rewards diligence, earth rewards kindness, humanity rewards honesty, business rewards trust, industry rewards excellence, and art rewards the heart. Gains and losses are inadvertent. Develop the habit of strictly setting stop loss and take profit for each order. Huolang Coin wishes you a happy investment!
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