Macroeconomics and news:
With the release of U.S. core inflation data on Friday and Powell's speech on Friday evening, although the release of inflation data and Powell's speech may not temporarily change this year's interest rate cut expectations and expectations of the extent of interest rate cuts, U.S. stocks still remain unchanged. Relative respect for data.
Yesterday, the U.S. stock market fell sharply 30 minutes before the close and closed with a decline. Today's opening was in line with our intraday expectations, with a small rebound at the beginning and then falling back. Currently, the Nasdaq and S&P are mixed.
Technology stocks reversed course, with Nvidia leading the decline, followed by Google. Apple and Tesla rose slightly.
Regarding the Fed's interest rate cut, I don't think I need to repeat too much. Friday's data and the Fed's speech will be based on the current risk market conditions, the actual economic situation of the United States, and various factors in other parts of the world to macro-control the market for the U.S. interest rate cut. expectations. Therefore, I will not do too much analysis or speculation at the moment and wait for the data and speech results.
Regarding the current overall situation of the crypto market, although ETFs have turned to positive inflows, we see that the current upward trend of Bitcoin is still not optimistic enough. However, if you are bearish, the buy order support below is relatively strong.
In the past two days, there have been all kinds of news that are bearish or causing panic, such as hackers being stolen, suspected changes in Satoshi Nakamoto's address, etc. This makes American traders who have not been in high spirits recently even more likely to panic or It's the official website.
I mentioned before that there was a survey before. Many local crypto traders in the United States bought Bitcoin because of ETFs, but many of them did not understand blockchain and what decentralization is. Therefore, this leads to their insufficient confidence in cryptocurrencies and even Bitcoin, and they are easily guided by the news.
In the traditional risk market, Wall Street has created classic short-selling situations. What they are good at is using the guidance of public opinion to create emotions, and then use short-term selling to knock down market confidence and trigger selling pressure when emotions accumulate. Of course, this does not mean that Bitcoin is currently being shorted, but I want to tell everyone that we may fall into short-term emotional manipulation this week.
This Friday is the delivery day for weekly options and extreme options. According to statistics, 15 billion US dollars in Bitcoin and Ethereum options will be delivered. If the delivery is successful, this part of the funds will be released to the market for re-planning.
However, before the option delivery is completed, the game between the long and short parties may be fierce, and there may be attempts to snipe at the other party.
The call option will definitely try to protect the core position and prevent it from being liquidated. It will not make money, and it cannot cause losses first.
The same is true for put options, which will definitely restrain the price from rising too much to avoid being liquidated. Therefore, the fluctuations of Bitcoin tonight were abnormal, with fluctuations of two to three thousand points in a short period of time, up and down.
Of course, at present, option delivery will affect the short-term market trend, so if you want a stable market environment, you still have to wait for delivery to be completed on Friday. But under this premise, how to play the long-short game in the market depends on which side is stronger. If the delivery is completed smoothly, the market regains some funds, and the funds are re-planned, then as long as the trend of Bitcoin is not destroyed, there will be no problem in continuing to rise.
For the crypto market, there are two major news to pay attention to today. One is that the SEC's lawsuit against Coinbase has been fermented again. Currently, the SEC has named twelve currencies that can be traded and pledged in Coin. Once any of them If it is classified as a security, Coin will face losing the lawsuit, and the result of losing the lawsuit is a fine.
Of course, for the named tokens, once they are considered securities, they will definitely have negative effects in the short term, and they will also be subject to fines. It can only be said that the trading of such tokens in the United States will be restricted and they need to be subject to SEC supervision. Yes, it will not directly cause the collapse of certain tokens, so treat these negatives reasonably and don't scare yourself.
Regarding the specific details of the SEC's prosecution of Coin, I will not go into details here. Friends who are interested can go to Twitter to read Teacher Ni's overall explanation, which has a very detailed introduction and analysis.
The second thing is that the three major crypto AI companies, SingularityNET, Fetch.ai and Ocean Protocol, issued a statement today that they will try to merge the three AI sector tokens, FET AGIX OCEAN, into one token ASI. You will get a basic market value of US$7.6 billion after full release. This is tantamount to a good benefit for these tokens.
However, please note that the growth rate of AGIX FET itself is already good. If you see the good news at this time, it will be regarded as a right-hand transaction. And it should be noted that the statement of the three companies has a major premise, that is, each of them solicits their own opinions. Members of the community pass.
Although on the surface, the merger is beneficial to the respective communities, surprises will inevitably occur. Therefore, for now, although the three companies have issued statements, this does not mean that the matter is 100% certain.
#BTC
