Lao Gou shares his views on the market in a responsible, objective and rational manner and has his own unique insights into the market.
The data and information in this article are derived from public news and information. However, no guarantee is made for the accuracy and completeness of the information. The content is for reference only and does not constitute any investment advice.
The minutes of the Fed meeting this morning showed that almost all Fed officials supported a 25 basis point rate hike, and only a few officials agreed to a 50 basis point rate hike. The short-term negatives can be said to have been lifted, after all, the vast majority of Fed officials want a 25 basis point rate hike. This is because almost all officials see the benefits of slowing down the pace of rate hikes. A 25 basis point rate hike will allow officials to balance risks when assessing the future path of interest rates.
At the same time, the minutes of the meeting also pointed out that the failure of the crypto industry has limited impact on the banking system. This is also a great benefit to the market. After all, the crypto industry impacts the traditional financial market. As a relatively important banking industry in the traditional financial market, they are most afraid that their own interests will be affected. They are afraid that the failure of the crypto industry will have a great impact on the banking system. However, now it seems that after the evaluation of the Federal Reserve officials, even if the crypto industry fails, it will not have a significant impact on the banking system.
As the popularity of Hong Kong concept currencies wanes, the market has also entered a wash-out phase. After all, it has been rising for such a long time and the increase is so large that some of the profit-taking will come out now.
Coin News Sharing
Bitcoin has retreated about 6.5% from the recent high of 25250 to the current 23600. From the daily level, there is strong support in the 22200-21780 area. Pay attention to this position range in the short term. If the price reaches the range, it is a good buying position.
I won't analyze other coins for now. After all, the market has entered a grinding stage, and there is no big money-making effect in the short term. Opportunities are always reserved for those who are prepared. The current general trend is still a bullish trend, and a breakthrough is only a matter of a moment. Friends who hold positions during this period do not need to worry. Friends who have positions can find opportunities to increase their positions when they fall. Currently, the interest rate will be raised by 25 basis points in March, and there will be a window period in April. There is not much time left for shorts.
That's all for today. Thank you for your support~
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