Madman said…
The negotiation on the U.S. debt ceiling ended, but in the end there was still no result. After the negotiation, no date for the next meeting was arranged. The trend was far different from the expected trend. U.S. stocks unceremoniously surged higher and fell, and the risk Assets once again fluctuated due to the back-and-forth of U.S. debt negotiations, and Bitcoin also made a diving move from high to high, which was extremely bleak. On the one hand, McCarthy told reporters that there will be good results, but on the other hand, he is fiercely fighting for his own interests. It is indeed difficult to achieve results in negotiations. There is not much time left for the two parties. He hopes that this matter can be discussed before June. Otherwise, the risk market will still be the unlucky one.
There will also be a Fed monetary policy minutes at 2 o'clock in the night, which will contain information on whether to suspend interest rate increases in June, which will greatly affect market trends at night.
Yesterday there was a good news in Hong Kong, and the market rose after hearing the news. Today, there was a bad debt meeting in the United States, and the market crashed back. This trend of repeated friction is very unfavorable to the current position of Bitcoin, because the current position of Bitcoin The coin is above the strong support of 26500. The more times it is touched here, the greater the risk of being smashed. On the other hand, it is not difficult to see that Europe and the United States are not interested in Hong Kong's policies, especially as U.S. dollar funds continue to flow out significantly, and they do not approve of the currency circle under the current macroeconomic background. After all, the government bond market with a high safety margin is the best place for U.S. dollar funds. Good choice.
Yesterday's strength made madmen think that it is very likely to attack the strong pressure of 28000, but the result was that there was no chance at all. How to go up and down. Looking at the short-term trend, the difficulty of counter-covering 27500 has increased again, and the overall market should be bearish. , especially since there is another long weekend in the United States this week, the probability of debt negotiations being postponed to June will greatly increase, and the risk of debt default will naturally increase, which will have an extremely negative impact on the risk market. Once 26500 is effectively broken down, the lower support will be around 24000, which is far away. It is less cost-effective to go long here, so treat it rationally.
Ethereum is still slightly stronger than the big pie, and still mainly relies on linkage.
Small coins have almost completely ebbed today. As the big market has fallen, all speculative funds have left the market, and hot spots have faded relatively quickly. It is recommended to wait and see or stay high.
Panic Greed 50, Neutral.
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This article [Madman Talks about Trends] The difficulty of counter-packaging 27500 has increased again, and the short-term focus is on short selling. It first appeared on Blockchain.