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The Federal Reserve is about to hold a meeting, and the market generally expects it to maintain the current Intrerest Rate level, but the market focus has quietly turned to September, and investors are eagerly awaiting a possible interest rate cut signal. Meanwhile, the Bank of Japan (Central Bank) faces a major decision-making moment, and is expected to implement the second interest rate hike in nearly 17 years on Wednesday, which is expected to further boost the yen Exchange Rate. Recently, the yen Exchange Rate has shown significant strength under the influence of investors clearing short-term shortsPositions, although it has rebounded against the dollar Exchange Rate in the past two weeks, it still fell by about 8% cumulatively this year. Market analysis suggests that the probability of the Bank of Japan raising interest rates is about 50%, while the other option is to reduce bond purchases to adjust its loose monetary policy. Either decision could trigger further dumping of dollar assets in the market, thereby exacerbating global financial market Fluctuation. As the expectations of major Central Bank monetary policy adjustments around the world heat up, the financial market is undergoing a profound change. Investors need to closely follow policy trends to deal with possible market Fluctuation. As a new asset class, Cryptocurrencies such as BTC may provide investors with new channels for hedging and value-added opportunities.


BTC continued to oscillate at a low level yesterday. In the morning, it pulled back from 67553 to 65862, and then there was a rise, reaching 67000 Node before sliding again. The lowest price in the evening approached 65500 support and rebounded, but there is still no clear sign of a reversal in the overall market. Next, pay attention to the possibility of a fall back, which may be accompanied by a high short-term pullback and repeated short-term fluctuations. The point of latency is weakening, while coordinating with a partial rebound in a small space. Currently, the short cycle is in the midst of a rebound correction, with the main trend still focusing on retracement and going long. In the future, the rise of long positions is still optimistic, but in the short term, we need to guard against slow downward fluctuations. Before making a pullback, wait for confirmation of the strength of the pullback in the market before going long. Currently, the solid Candlestick in the short cycle is slightly small, and a one-sided trend has not yet fully formed. It is not ruled out that there will continue to be a small rebound followed by a conversion to a decline, or a local fluctuation for one or two trading days, to digest the short-term weakness in comparison. At the current stage, the market volatility is relatively limited, and the adjustment amplitude and time cycle are short. Once the long positions exert their strength, it is expected to drive the market to welcome a pump. If the long positions continue to increase, the market is expected to gradually form a rising channel.


Ether has been under pressure from Grayscale since the launch of the ETF, unable to lift its head and showing weakness. While BTC started to waver at the first sign of a pullback, it encountered support around the 3230 range after-hours, leading to a rebound and a retest of the low point. After the Long Wick Candle last night, it started to show strength upon rebound, with the pullback amplitude not being significant. The Grayscale selling pressure may soon come to an end. After this, Ether may experience a rebound in the market. In the near term, it is following the range of 3388 to 3415 on the upside and 3250 to 3220 on the downside.
BTC-0.6%
ETH0.7%
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