The article was edited on 2023.7.27 13:05 pm. All opinions do not constitute any investment advice! For learning and communication only.
In the early hours of Thursday morning Beijing time, the Federal Reserve released its July interest rate decision, raising the benchmark interest rate by 25 basis points to a range of 5.25%-5.50%, reaching the highest level since 2001, in line with market expectations. Fed Chairman Powell said at a press conference that he is still committed to restoring the inflation rate to the target of 2%, and future policies depend on data. The interest rate may remain unchanged in September, but it is too early to cut interest rates.
Federal funds rate futures showed that after the press conference, market bets on the Fed's interest rate hikes for the rest of the year remained almost unchanged, with only a 22% chance of a rate hike in September and only about 40% probability of another rate hike this year.
Yesterday, the high point of Bitcoin was around 29690 and the low point was around 29100. At 2 a.m., the Federal Reserve announced a 25 basis point rate hike, which was in line with market expectations and had little impact on the price of Bitcoin. Subsequently, under the influence of Bao's dovish remarks, the market went through a wave of pull-ups, but the strength was not strong, which shows that the selling pressure from above is relatively large. For the market, as long as Bao does not explicitly say that he will raise interest rates, it can be regarded as a positive. At present, the overall market liquidity is also insufficient, coupled with the lack of news stimulation, and Wall Street generally expects that the Federal Reserve will not raise interest rates this year, so for the subsequent market, Fuzhu believes that it may continue to fluctuate.
The daily level closed with a small positive line yesterday, and the Bollinger Bands moved downward, supported by the lower Bollinger Band 29000. MACD was mildly increasing in volume. The 4-hour level was suppressed by the MA120 daily line. The Bollinger Bands began to close, suppressed by the upper Bollinger Band 29700. In terms of operation, it is recommended to go long with a light position near 29200, with a target of 29600-30000. Go short with a light position if it does not break through 30500, with a target of 30100-29700, 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 1888, and its low point was around 1848. After the Federal Reserve announced a 25 basis point interest rate hike, Ethereum rose slightly, and then was smashed down again, going through an up and down market. Then, under the influence of Bao's speech, it rose, reaching a high of around 1888 and then began to fall. It is currently in a sideways fluctuation, and the short-term trend is starting to strengthen.
The daily level closed with a small positive line yesterday, and the Bollinger Bands ran parallel, supported by the lower Bollinger Band 1815. The 4-hour Bollinger Bands ran parallel, supported by the middle Bollinger Band 1860. In terms of operation, it is recommended to go long with a light position near 1860, with a target of 1880-1900. If the upward attack does not break 1910, you can go short with a light position, with a target of 1880-1850, and 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 at your own risk.
