Market Overview
Before the Federal Reserve's decision, technology giants dragged down U.S. stocks, halting two consecutive days of gains for the three major U.S. stock indices. The Nasdaq fell nearly 2%, and the S&P dropped over 1%. Tesla fell over 5%, and Nvidia's new product launch still saw a decline of over 3%.
The China concept index fell back. Xiaomi's financial report was impressive, and its ADR hit a new high. Xiaopeng Motors had a positive financial report but fell nearly 8%, while NIO rose over 3%. Alibaba fell over 3%. The offshore renminbi fell more than a hundred points during trading, breaking below 7.23.
The German parliament passed a large-scale fiscal expenditure bill, with German stocks rising nearly 1%, and defense stock ThyssenKrupp rising nearly 13%; the euro reached a five-month high, pushing the dollar index to a five-month low.
European and American government bond yields surged before retreating. Bitcoin once fell over $3,000, dropping below the $82,000 mark. Gold rose over 1% during trading, with futures gold closing at a new high for four consecutive days. Crude oil rose over 1% during trading before turning down, with Brent crude dropping from a two-week high.
Market Outlook:
The following chart is the four-hour chart of BTC. The market review above informs everyone that the current trend is in disordered fluctuation. Both bulls and bears find it difficult to maintain momentum and to break out unilaterally!
Continuing to be optimistic about the continuation of disordered fluctuations today. For more real-time price alerts and layouts, please pay attention to real-time notifications during trading!
Do not buy into bullish trends here; it has been clearly indicated. It is just a fluctuation, and after the fourth wave, there will be a fifth wave of sharp declines. It will be quite severe at that time. Therefore, do not consider buying any varieties in the spot market in the short term, especially altcoins, as the risks in the later period are extremely high!
Be confident in your stance, remain calm in your hands, and treat it with composure!
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