The article was edited at 10:35 noon on June 20, 2023. All opinions do not constitute any investment advice! For learning and communication only.
This week, Federal Reserve Chairman Powell will testify in both the Senate and the House on the semi-annual monetary policy report. Just a week ago, the Fed suspended its most aggressive tightening policy in nearly 40 years. The outside world hopes to find more clues about the potential monetary policy path from the hearing.
For the Fed, the next move remains uncertain as it needs to assess the impact of monetary policy on the economy. The positions of lawmakers from both parties are expected to continue to be in opposition, with Democrats likely to affirm the Fed's decision and remind that excessive rate hikes could cause millions of Americans to lose their jobs. Republicans may emphasize the view that inflation is still too high, which will put pressure on households and small businesses. In addition, both sides may simultaneously pressure Powell to ask the Fed to provide more details on future financial supervision after the regional banking bankruptcy crisis.
Yesterday, the high point of Bitcoin was around 27070 and the low point was around 26250. Last week, Bitcoin experienced a rapid decline due to Powell's speech, and then began a technical rebound and repair, moving out of a V-shaped pattern. From a macro-cycle perspective, Bitcoin is still in a downward trend, and is in a rebound in the short term. Currently, it is near the downward trend line. In the short term, we will focus on whether 27500 can be effectively exceeded. If it can be effectively exceeded, the market may reverse.
The daily level is in a descending channel, under pressure from the MA50 daily line, the Bollinger Bands are running in parallel, under pressure from the Bollinger lower rail 27550, the 4-hour Bollinger Bands are in a convergence, KDJ is radiating upward, and MCAD is a little divergent. In terms of operation, it is recommended to go long with a light position if it does not break 26200, with a target of 26600-27100, and go short with a light position if it does not break 27500, with a target of 26900-26500, and a stop loss of 350 points each. The market changes in a myriad of ways, and the specific operation is mainly based on real-time strategies.
Ethereum's high point yesterday was around 1750, and its low point was around 1700. The strength of Ethereum's rebound was weak. After the V-shaped market, it has returned to the previous box. In the short term, it has entered a sideways adjustment. Pay attention to the pressure of 1780. If it can effectively stand above it, it will have a chance to attack 1900.
The daily level closed with a small positive line yesterday, suppressed by the MA15 daily line, the Bollinger band moved downward, suppressed by the Bollinger middle track 1780, the 4-hour Bollinger band was in the convergence, MCAD continued to shrink, and KDJ spread upward. In terms of operation, it is recommended to go long with a light position if it does not break 1710, and the target is 1730-1750. If it does not break 1780, it can go short with a light position, and the target is 1750-1720, with a stop loss of 25 points each. The market changes in a myriad of ways, and the specific operation is mainly based on real-time strategies.
Statement: The above content is personal opinion and the strategy is for reference only and is not used as an investment basis. If you follow up, you will bear the risks yourself.
