Evening Analysis and Wealth Code for May 24?
How to repay the $6 trillion U.S. debt maturing in June?
Will it trigger a currency collapse that affects the crypto space?
U.S. market situation on the 24th:
U.S. stock indices: The Dow Jones fell by 0.61%, closing at 41603.07 points; the Nasdaq fell by 1%, closing at 18737.21 points; the S&P 500 fell by 0.67%, closing at 5802.82 points. The cumulative decline for the week was 2.47%, 2.47%, and 2.61%, respectively.
Individual stock performance: Tech stocks led the decline, impacted by Trump's threat of a 25% tariff on imported iPhones, with Apple's stock price falling by 3.02%, resulting in a market value evaporation of about $91 billion; tech giants like Meta, Google, Microsoft, and Nvidia generally fell over 1%, while Tesla fell by 0.5%. U.S. Steel's stock price surged by 21.61% after Trump announced a partnership with Japan's steel industry. The Nasdaq Golden Dragon China Index rose slightly by 0.05%, with individual stock performance polarized; Bilibili and Tencent Music rose over 3%, while Miniso fell by 17%, and Xpeng Motors dropped over 2%.
Futures market: COMEX gold futures rose by 1.9% to $3357.7 per ounce, with a weekly cumulative increase of 4.75%; silver futures rose by 1.27%. WTI crude oil rose by 0.54% to $61.53 per barrel, and Brent crude oil rose by 0.53%, but the cumulative decline for the week exceeded 1%.
The U.S. market was influenced by Trump's tariff threats, Moody's downgrade of U.S. sovereign credit rating, and increased market concerns over escalating trade frictions, debt expansion, and fiscal deficits, leading to a drop in U.S. stocks and a surge in gold's safe-haven demand.
How to repay U.S. debt? The answer is there is no plan to repay, and it's not possible to repay, so they are continuously increasing Bitcoin and gold, as these are currently their best options for resisting or repaying U.S. debt, and also the quickest ways to see returns. Why is the U.S. focusing on these two assets? Because they are currently the largest reserve countries. It's better not to hold too much here; everyone should understand this, let's skip the 10,000 words...
Wealth Code:
BTC Phase Layout:
Short positions laid out at 110300-111500, with a stop-loss at 112500 set to guard against a breakout.
Short-term profit-taking targets can be flexible; take profits when you see them. Phase-wise, you can attempt to start laying out short positions; if a short hits a stop-loss, it's just one order. If it works out, there is a profit margin of over 10,000 points, but everyone should be mentally prepared that if you lay out shorts, success isn’t guaranteed on the first attempt.