📈 New Updates on the Fed's Rate Cut & Market Update
Good morning, you in front of the screen🌞. Breaking news in the US is commonplace, even Trump is like that, not to mention others.
Yesterday, Fed Chairman Powell said that the vast majority of Fed members expect to cut interest rates later this year. Once this news came out, it basically means that the possibility of a rate cut at the Fed meeting at the end of July is very small😟. After the news was announced, the Nasdaq index plunged instantly, and Bitcoin also fell directly below the 106,000 line📉.
Talking about the market, you may still feel that the market is chilly yesterday morning, but the market conditions have changed drastically this morning. Yesterday you were still worried that the assets that fell would not rise back, but now you see, hey, they are all back👏.
This confirms the point that has been emphasized recently: short-term operations are difficult, but long-term operations are easy. The short-term profit and loss ratio and market repetitiveness are high, but if you extend the time a little, everything will return to normal. Last week's decline was the most continuous this year, but the rise was also unambiguous.
I would like to thank the three consecutive positive days in June, which have two benefits:
1️⃣ After rising too much, a negative correction will be beneficial to the subsequent positive rise.
2️⃣ After the positive turn, it is likely to break through the historical high again, and a short-term monthly double top will be formed.
Many people question this view. In fact, trading here follows three principles: time cycle, price cycle, and pattern cycle. Don't think that the long time span seems to have little reference value. Often, those that you think are of great reference value are useless.
In the short term, yesterday's market fluctuations were perfect:
1️⃣ After bottoming out and rebounding in the morning, $BTC broke through the opening of the decline of 107000, and the European market continued to rebound. As a result, a piece of news in the US market started the decline mode.
2️⃣ The most important thing is that the retracement position of 106000 was broken yesterday, and the US market continued to fall.
