Madman said…
Inflation in the United States has increased. Although it will definitely decline year-on-year this year because it is compared with last year's value, it has not continued to decline month-on-month. Instead, it has shown signs of rising. Therefore, some traders have begun to expect that the terminal interest rate will exceed 6%. There is even an expectation of 8%. Even so, madmen believe that the final end point of interest rate hike is still within 5.5%. These expectations made the risk market frightened and began to fall again. This was not only a chain reaction caused by the employment rate seriously exceeding expectations, but also the first time after the madman saw the data last week to responsibly tell everyone that the market will not rise all the way. reason.
On the other hand, a major earthquake in Turkey will also affect global inflation, because Turkey has important straits that run through Asia, Europe, and Africa. Currently, due to the strong earthquake, all terminals have entered a state of maintenance, and ships transporting goods have to wait in nearby waters, causing There is a certain congestion. Once the short-term supply of these raw materials cannot keep up, it will inevitably cause price increases, resulting in higher production costs and higher sales prices. This is also one of the logics of the recent strength of crude oil, which has contributed to global inflation. Don’t think that Turkey Earthquakes have nothing to do with us. The whole world is like a grasshopper strung on a rope, and every time something goes wrong, it will lead to misfortune. Therefore, under the influence of various unfavorable factors in the market, expectations for an inflation rebound will increase, and the currency price will naturally not look too good, at least it will be difficult to reach a new rebound high in the short term.
The SEC has basically clarified the matter of staking. It targets the ETH2.0 staking business of Coinbase and Kraken and requires that Staking be removed from the shelves. Otherwise, it will be treated in the name of securities. Now that Kraken has agreed to pay a settlement of US$30 million to settle the matter, it will no longer provide new services, and will return the stakers' tokens as soon as Shanghai upgrades. Coinbase is still quibbling. This matter has come to an end, letting everyone feel at ease. It is only for CeFi, other tracks in the currency circle have not been affected, and ETH will probably not be recognized as a security. I saw a lot of comments saying it was the American version of 94. In fact, the degree is very different. The best way is for us to operate according to the previously established rhythm.
Today's correction is a bit large, and short-term profit-making funds have been taken out obviously. The support in the 20800-21000 area will inevitably be tested in the following days. It is expected that the market can still withstand the test, and the correction is an opportunity to add positions. As for small coins, risks have been continuously warned. Yesterday, everyone was told not to take the knife. Today, the same warning is still there. There is no turning back, especially those coins that retail investors are chasing after. There will be no chance of unwinding in the short term. You can find some of the previous ones. Those that have not risen much in the round and have a relatively poor consensus may be the targets of the next round of speculation; in addition, there are some small coins that have a slower rising trend, but the trend has not been destroyed. These coins can also participate. During the correction, With funds supporting the market, it is likely to start an accelerated upward trend.
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This article [Madman Talks about Trends] Short-term profit-making funds are obviously settled, and the 20800-21000 support will be tested in the next few days. First appeared on Blockchain.
