Recently, the US dollar index has risen above 100, the RMB exchange rate has reached 7.20, oil has fallen below 70, gold has dropped below 3300, US bond yields have fallen to 4.38, and the dollar index is declining, with short-term funds withdrawing from US stocks, moving out of gold and into US bonds.
Cryptocurrency stocks have been continuously performing well but have been in a downtrend.
The VIX fear index has also started to rise.
Market sentiment will reflect in prices, and short-term arbitrage funds have already started to exit. Both last week's live broadcast and this week's live broadcast have mentioned bearish views, and last week it was noted that funds began to flow out.
Let's see if it will directly break 1143 and drop to 112 tonight. If the ETF continues to flow out, this is quite possible. After calculating the outflow of funds, if the withdrawal is quite aggressive, 109 might not hold, and we may need to go to 107.
Let's observe first, act less, and watch more.
