News focus

1. Federal Reserve - Jefferson hinted at suspending rate hikes in June, Harker bluntly said to skip June, and both voting members emphasized that this move cannot be regarded as the end of rate hikes. Their remarks significantly lowered the probability of a rate hike in June to 30%, a figure that had previously reached nearly 70% due to the US job vacancy data exceeding expectations. Mester: I don't see any reason to suspend rate hikes. Bowman: A rebound in housing prices may affect efforts to fight inflation. Beige Book: The economy has shown signs of cooling in the past few weeks, with both hiring and inflation slowing slightly.

2. The procedural vote on the U.S. debt ceiling was passed, and the House of Representatives began the debate process on the bill. A full house vote is expected this morning.

Yesterday Review

The market closed with a negative sign yesterday morning, and the overall trend was weak, attracting many retail investors to turn to short selling. It experienced a strong decline, and after reaching the lowest point of 1848, it completed a rebound, but ultimately failed to break out of the unilateral downward trend, which was in line with yesterday's upward expectations, and successfully exited with profits.

Market analysis

After a round of substantial price increases, especially after a wave of accelerated rise in the high range, the buyer's momentum began to weaken, and the currency price subsequently showed obvious stagflation. During the process of stagflation, there were continuous active selling orders, and eventually there was a gradual decline.

From the market point of view, the recent decline is not very large, but it is enough to have an impact on investors. Therefore, I personally think that the continuous decline in the price of the currency is just the main force's behavior of inducing short selling, creating a bleak market atmosphere and forcing participants to hand over cheap chips. Once the market rises in the future, the market will be more fierce and the increase will be very considerable.

Operational suggestions

Everyone buys short-term, earns the difference on the day, and waits for the price to stop falling and reverse before entering the market decisively.

Bitcoin long position around 26700, target 27500-28100, cover position at 26400, stop loss at 26100

Ethereum 1840-1850 long position, target 1880-1920, cover position 1830, stop loss 1810

Today's ideas have been given to everyone. Remember to pay attention to the homepage to update the latest news every day. If you have any questions, you can consult at any time.