“Looking at it now, Powell is purely a right-side player.
As long as the market doesn't break through or break down, he won't take action on interest rates.
If the US stock market falls for two weeks, then it will definitely cut interest rates that month, no need to guess Powell's thoughts,
just look at the market. ”——Big V
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In the current market situation, the Federal Reserve has temporarily concluded that there is no hope for interest rate cuts before September.
Will the US attack Iran? Currently, the understanding king has gone golfing.
So.
The main emotional reference points are handover, orders, liquidity, and spot ETFs.
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Currently, the liquidity in futures, after a week of explanation and fluctuation, short positions have recently concentrated around the 107,000 range.
Below, the concentration area for long position liquidation is slowly gathering in the 102,000 range.
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So, according to the current fluctuations, regardless of the future, whether it goes up or down, these two positions will definitely be reached.
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These are also the two positions we are focusing on.
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Then pay close attention to events that may trigger a breakout.
That is, institutions led by BlackRock and others, the ETF situation. Small inflow on the 18th, market closed on the 19th, over the weekend, so the result may be continued inflow or outflow next week.
This will also determine whether this wave of consolidation will ultimately support a rebound or continue to decline!!!
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Based on the current long-short ratio, I think a false drop followed by a rebound is more in line with the operation of the institutions.
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Before October, there will definitely be another big market movement.
If not, then with the launch of WLFI, it may trigger another wave of on-chain bloodsucking,
especially in the altcoin market, it may drop again because of this!!!
