This week's major events:
This week's important schedule: interest rate hike! Will the Fed dare to do it? Hold your breath! The Fed's key interest rate decision is coming; Tencent, Meituan, Pinduoduo and other heavyweight financial reports are about to be released. The People's Bank of China will announce the 1-year and 5-year loan market quotation rates (LPR) on Monday;
The Federal Reserve’s interest rate decision is coming, and the second interest rate meeting of this year will be held on the 22nd. The importance of this interest rate meeting will be far greater than any previous one. The attitude of the Federal Reserve determines whether this financial crisis will be a temporary solution or develop in depth. Although the current inflation rate in the United States has slowed to 6%, it is still far from the target of 2%. In addition, the biggest unknown is whether the Federal Reserve will consider taking measures to protect investors in the event that the banking crisis worsens in the coming weeks. I still maintain my previous judgment of 25 basis points. The Federal Reserve dare not be like before, but it has to continue to raise interest rates. The probability of suspending interest rate hikes and slightly raising interest rates has reached 100%. If the interest rate hike is unexpectedly announced, the US stock market will usher in a strong rise. In addition: many central banks will also announce interest rate decisions, and the central banks of the United Kingdom, Switzerland and Norway may raise interest rates by 25 basis points. The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve and the Swiss National Bank have just announced that the six major central banks have joined forces! Strengthen liquidity provision through liquidity swaps. This will undoubtedly increase the possibility of further interest rate hikes.
Let's talk about WEB3
WEB 3 had a wonderful week in the past week. BTC achieved the largest weekly increase this year, rebounding more than 40% from the bottom. At the same time, a white bird approached the phoenix, and many cottages were seriously sucked blood. So we must stick to our beliefs. In the process of trend formation, every pullback is a time to recharge our beliefs. The crypto market is affected by the interest rate policy of the Federal Reserve and is highly correlated with US stocks. At this point, the funds in the market are also waiting for the second interest rate meeting this year, so there will not be too much volatility in the next two days. It may face high volatility after the meeting and policy results come out. The BTC market has turned around a little bit, and there are more activists in the currency circle, and various courses are coming again. This is also a phenomenon of the beginning of the bull market. Because everyone wants to catch this wave of market to make their own money. I still maintain my previous judgment that it is still the bottom of the big cycle, and the pullback is low. I don’t know if you bought it when it pulled back 20,000 points last time?
BTC:
ETH：
This week's hot tracks are: Dragon One: Decentralization is the soul of the industry and the only way for the industry to develop. Corresponding varieties: DYDX, GMX, UNI, CAKE. Dragon Two: This infrastructure construction sector (new public chain) and new currency concepts. Such as: OP, APT. ARB, one of the four major projects, went online this week. What will happen? We need to pay attention to the opportunities brought by the public chain track. Dragon Three: Due to the Hong Kong concept sector: CFX and some other domestic projects. The rest are related to ETH upgrades.
Conclusion: Irregular daily reviews are only for organizing one's own investment ideas. Views are also formed based on one's own cognition. The corresponding currencies are only for reference and do not constitute advice. DYOR.
