A brief analysis of market trends
1. The Fed’s trend: A new round of interest rate cuts has started, and there may be two more interest rate cuts this year. US dollar assets will seek new investment channels.
2. China’s monetary policy: The central bank cuts interest rates and reserve requirements, releasing trillions of liquidity, and funds seek ways to preserve and increase value.
3. Global central bank trends: Many central banks have followed up on interest rate cuts, including the European Union and the United Kingdom, and the global monetary environment is loose.
4. Positive news for the currency circle: The problems left over from the Mentougou incident are coming to an end, and the impact of market-smashing funds has been greatly reduced.
5. US policy expectations: Regardless of who is at the helm of the next government, cryptocurrencies will be supported, and USDT will be regarded as a new economic and financial tool.
6. Cryptocurrency development in Japan and South Korea: Japan and South Korea are actively promoting the development of cryptocurrencies.
7. Positive news for U prices: The decline in exchange rates has a positive impact on the crypto market.
8. Giant whale trends: This month, there is a large increase in BTC holdings, with an amount of up to 1.4 billion US dollars, which may come from wealthy people or national reserves.
BTC is consolidating, and it is recommended to operate in the 62700-64800 range, and it is bullish to above 65,000.
- ETH strategy: The whale opened a position of 7,500 ETH three hours ago, with an average price of 2,575. It is recommended to go long in the range of 2,588-2,568, with a stop loss of 2,554 and a target of 2,695.
- SOL analysis: The 4-hour flag relay broke through, and continued to be bullish after the retracement. The bottom support is 147.18 and 145.37, and the stop loss is set at the previous low of 144.12.
- BNB trend: The same 4-hour flag relay broke through, and it was bullish after the retracement, with bottom support of 590 and 580.
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