Brothers, this is terrible. The collision of three important pieces of news from tonight to early morning will cause violent fluctuations in the market. Everyone needs to be prepared in advance.
First, the release of the beautiful May CPI data at 8:30 pm; second, the announcement of the Federal Reserve’s interest rate decision at 2 am; and third, Powell’s speech after the interest rate decision.
Last Friday's negative non-farm data weakened investors' bets on interest rate cuts, causing the market to plummet and become sluggish.
From yesterday's ETF net outflow of US$200 million, it can be seen that the overall outflow of the market is increasing and the wait-and-see sentiment in the market is getting worse.
Tonight's CPI data will determine the market trend in June. If the data is lower than expected or remains the same, it will be good news, otherwise it will be bad news. Positive data will lead to a reversal and rebound, while negative data will lead to another wave of sharp declines.
According to the forecast given by Wall Street giants, tonight's CPI data will most likely cool down, that is, lower than expectations or in line with expectations, which is also in line with market demand to slow inflation and offset concerns.
From the way the Labor Department falsified the non-farm payrolls data last Friday to 270,000, far exceeding expectations, it is not difficult to see that the authenticity of the data is no longer important. What is important is that it must conform to current interests.
Everyone knows that the performance of CPI data affects interest rate decisions, and interest rate decisions will determine the timing of interest rate cuts. Even the quality of CPI data will determine whether Powell's speech is dovish or hawkish.
Therefore, the key still lies in the performance of CPI. In any case, it is certain that the market will fluctuate violently after the data is released tonight. Therefore, Tangren also recommends that everyone pay attention to controlling risks and not blindly bet in advance.
From last week to now, the copycats have been slaughtered for several days, and the prices of many targets have returned to the levels before early April. The core of the decline is the negative impact of the major non-agricultural data.
Judging from the current trend, the impact of the negative non-agricultural data has basically been released. The capital inflow into the copycat itself is not much, and this round of bloodbath is relatively thorough. There is not much significance in the future. Therefore, while waiting for CPI, everyone can place orders in advance and ambush.
Finally, in a bull market, what to buy and how to buy are very important, but when to sell is more important. If you want to know more about the market interpretation and strategy, please follow us and find Tangren to play in the crypto circle together.
Tangren interprets the market
Big Pie: There are signs of rebound in the four-hour line. If we want to launch an attack above 68,000 in the evening, it depends on whether it can stand above 68,000 after the CPI data comes out tonight. If it stands firm, it will stop the decline and rebound. If it fails to stand firm, there will be a wave of callback. The upper pressure level is 68,000 and the support level is 65,000.
Auntie: The intraday trend is relatively weak, the price has reached a new low this month, and the 4-hour line has a rebound trend. The key point is whether the support position of 3550 can be stabilized during the day. If it is stabilized, the market will move out of the rebound range. The upper pressure level is 3580 and the support level is 3455.
For the copycat: the copycat has fallen by more than 20% in the past two days. Tangren believes that now is a good opportunity to buy at the bottom, but we must focus on selecting high-quality sectors, focusing on MEME and SOL ecology and BRC20
Tangren talks about strategy
Since short-term strategies are time-sensitive and the market changes rapidly, many strategies cannot be shared with everyone in a timely manner. Therefore, you can read the introduction on the homepage of the article to find Tangren and send a message to receive it.
Strategy 1: Ambush W on May 18, entry price is 0.56, current price is 0.527. It has fallen due to short-term news, but it is not a big problem. Sit tight and hold on. The target is 0.8.
Strategy 2: On May 20, ambush wld, entry price 4.8, current price 3.926, continue to hold patiently, short-term target 8.5, long-term target 21.3.
Strategy Three: (New) On June 4, ambush STRK, entry price 1.22, current price 1.06, continue to hold, short-term target 1.54, long-term target 2.3.
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.
