The market trend has currently ignored multiple resistance positions in the early stage, and the main force continues to liquidate the long positions of the big cake, showing great determination.
This downward range shows the strength of the market after the reversal, which is not much different from the previously expected reversal range.
Before the inflation problem is resolved and the high interest rate remains unchanged, now is the most suitable time for the dog village to lay out. The captain once mentioned that no matter how long the delay is, once the interest rate hike is stopped, the market will adjust itself, and then the interest rate cut will become a sure thing, and as the event is postponed, the timing of the interest rate cut will be clearer.
According to the decline in inflation at the beginning of the year, the consensus is to start cutting interest rates in June. So far, it is generally believed that the first interest rate cut will be carried out at the end of the year.
This will delay the bull market that was supposed to end in the first half of next year to the greatest extent, which means that for the vast majority of market participants, they will not be able to make profits in the short term.
In recent weeks, the ETF market has shown a state of net outflow, and BlackRock's actions echo the extreme slowdown of US stocks. After more than a hundred trading days of brewing, the market does need a break. It is expected that as the US stock market picks up, there will be capital inflows in the later period.
As for the Bitcoin and Ethereum spot ETFs in Hong Kong, there is not much discussion. The trading volume on the first day is not even as large as that of a local dog on Sol, which reflects the high and low vision of Eastern and Western capital.
If you have to ask whether the bull market is over?
I still firmly tell you that it is not over!
In this bull market, although Bitcoin has gone a distance, the second Bitcoin has not reached a new high, and the high-quality altcoin has not reached a new high. The bull market should be a combination of various targets.
Maybe this round of bull market is indeed different from the past. The serious over-issuance of altcoins has occupied a large part of the altcoin market and affected the rise of the entire sector, but this cannot cover up the continuous rise of high-quality targets. Even for a market value giant like Bitcoin, is its attractiveness affected?
