First, let's sort out last night's FOMC meeting. The result of maintaining 4.2-4.5% was basically within many people's expectations.
After the data was released, U.S. stocks slightly retraced during the session, and Bitcoin followed suit. During the same period, Trump was giving a speech, and one of the more important contents was [preparing to lift export restrictions on high-end AI chips]. Before the plan is implemented, the restrictions will remain unchanged. And it does not include Dongda. Subsequently, Nvidia exploded, and the AI sector quickly rebounded.
After 2:30 AM, it was still the old Powell's Tai Chi, but the entire conversation clearly had a dovish tone. U.S. stocks continued to rebound until after-hours trading. Bitcoin continued to break upward in the morning. Over the weekend, there will be a conversation between Trump and Dongda about tax reduction plans, and it is highly likely that no results will come out in one talk. The two sides are like arguing boyfriend and girlfriend, both still upset, and no one wants to appease the other first.
Returning to the market, after completing a continuous upward breakthrough in the morning, it finally reached 99500, and will soon return to the 100k mark.
On the daily level, it also serves as the upper edge of the previous slightly larger fluctuation range. At this position, you can take partial profits.
On a smaller scale, the risk of continuing to chase long positions at the current location is relatively high, with a small risk-reward ratio, and no suggestion to chase breakthroughs.
Several positions to pay attention to
Support position
First position 97395
Second position 96622
Third position 95600
Resistance position
First position 99500-100000 (testing)
Second position 102230
Third position 105745
Pay attention and like, wealthy beyond measure
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