The tide always comes and always recedes.

Daily update on April 20, 2024: Over the past week, the hawkish tendencies of Federal Reserve officials have further strengthened, and the market's expectations for interest rate cuts have cooled sharply. At the same time, the Middle East seems to be caught in a new round of retaliation and counter-retaliation. Iran confirmed on Friday that it had been attacked by Israeli air strikes, but both sides seemed to be willing to exercise restraint. Iran continued to downplay the impact of the attack, while Israel declined to comment.

Boosted by risk aversion, spot gold closed higher for the fifth consecutive week, setting a new record high at the close. U.S. tech stocks suffered a "Black Friday", with the S&P 500 and Nasdaq both falling for six consecutive trading days, the first time since October 2022. International crude oil rose 4% during the day on Friday, then turned down by more than 1%, and finally barely closed higher, still down more than 3% for the whole week.

Account status: total capital of 456,000 (including dividends), principal of 150,000, and yield of 200+%. The total equity of the contract account is 398,000, the total position is 419,000, 40+ varieties, and 140+ pending orders.

Risk warning: Leverage is not a devil, but a tool to improve the utilization rate of funds. Leverage itself has no risk, and the real risk comes from human nature.

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