Alarm bells ringing! Fed hawks tear through bulls’ defenses, the 4300 abyss is in trouble—how can retail investors in the crypto market survive and fight back?
“Every turn in the macro tide is a brutal reshuffling of retail investors’ wealth.”
On September 23, a hawkish wave from the Fed swept across the market, and expectations of tightening liquidity suddenly surged. The U.S. Dollar Index surged past a two-month high, directly pressuring gold priced in dollars. For non-USD currency holders, the cost of buying gold jumped, and gold, unable to break out, drifted lower within its range.
Ole Hansen of Saxo Bank noted that gold is trapped in a $4,300 to $4,400 trading box. Fed communication, U.S. Treasury yields, the dollar, and oil prices are all moving in sync, jointly driving short-term capital flows. Richmond Fed President Barkin also sent a clear signal: the threat of rate hikes is enough to curb inflation expectations, and it won’t go so far as to crush the economy.
Personal view: gold’s weakness is by no means an isolated event. Looking back at the 2022 rate-hike cycle, gold and BTC both fell in tandem, because both are liquidity-sensitive assets. Now that the dollar is “sucking up” liquidity, the valuation of risk assets will inevitably be reshaped. If gold breaks below the key $4,300 support level, the crypto market will very likely face spillover sell pressure—don’t blindly rush to buy the dip!
With gold under pressure, can the crypto market stand apart? Where exactly does the next wealth “password” lie? Follow MiGe—MiGe will take you through the cycles of bull and bear!#AI股持续上涨还有哪些投资机会 #21Shares推出欧洲首只Zcash实物ETP #Cardano接入x402支付标准 $BTC $XAU $ZEC
“Every turn in the macro tide is a brutal reshuffling of retail investors’ wealth.”
On September 23, a hawkish wave from the Fed swept across the market, and expectations of tightening liquidity suddenly surged. The U.S. Dollar Index surged past a two-month high, directly pressuring gold priced in dollars. For non-USD currency holders, the cost of buying gold jumped, and gold, unable to break out, drifted lower within its range.
Ole Hansen of Saxo Bank noted that gold is trapped in a $4,300 to $4,400 trading box. Fed communication, U.S. Treasury yields, the dollar, and oil prices are all moving in sync, jointly driving short-term capital flows. Richmond Fed President Barkin also sent a clear signal: the threat of rate hikes is enough to curb inflation expectations, and it won’t go so far as to crush the economy.
Personal view: gold’s weakness is by no means an isolated event. Looking back at the 2022 rate-hike cycle, gold and BTC both fell in tandem, because both are liquidity-sensitive assets. Now that the dollar is “sucking up” liquidity, the valuation of risk assets will inevitably be reshaped. If gold breaks below the key $4,300 support level, the crypto market will very likely face spillover sell pressure—don’t blindly rush to buy the dip!
With gold under pressure, can the crypto market stand apart? Where exactly does the next wealth “password” lie? Follow MiGe—MiGe will take you through the cycles of bull and bear!#AI股持续上涨还有哪些投资机会 #21Shares推出欧洲首只Zcash实物ETP #Cardano接入x402支付标准 $BTC $XAU $ZEC
