Hi, I'm back,
I promised everyone to update the content from time to time during the holidays, but I was delayed by something special today, so I will update an article temporarily!
The recent hotly debated U.S. government shutdown has its results today. A few hours before yesterday morning, Republican leader McCarthy once again proposed a reconciliation bill, and the elder Biden also signed the bill, thus extending the negotiations for the 24th fiscal anniversary. time, and also avoided the issue of a U.S. government shutdown. This extension will last for 45 days and will last until November 17 this year. During this period, the relevant 12 ideas and bills will be negotiated and finally concluded (of course, the funding proposal for Ukraine Except), the possibility of another postponement is greatly reduced. McCarthy of the Republican Party was also "betrayed" by his internal responsibilities for signing the bill, and may have to undergo internal impeachment later. Of course, this is a digression.
The shutdown has been lifted, and it can be seen from the side that the U.S. government as a whole is also worried about the economic damage and rebound in inflation caused by the government shutdown. Currently, due to high borrowing costs in the United States, and the arrival of the student loan season in October, the American people only Noble is forced to use loans at high interest rates, and with rising energy prices suppressing consumer spending and the United States currently experiencing the highest peak of non-performing loans in a decade, the U.S. credit system is in danger. In this dangerous state, when the U.S. will raise interest rates at the end of the year, when, how, and whether it will increase interest rates becomes more predictable.
Year-on-year, the offshore soft girl exchange rate has corrected to around 7.17, which has returned to the level in June/July this year. Moreover, this is in the context of the recent continued rise of the U.S. index, which shows that it is still feasible for soft girls to fight against the hegemony of the US dollar. Of course, this view is still relatively one-sided. After all, most people don't think highly of soft girls. It can only be said that Uncle Cat is optimistic about it.
Since the U.S. government shutdown that we were concerned about previously has been temporarily resolved, and there is no capital risk aversion, why did the market gradually fluctuate upward during the day today?
Uncle Mao has two personal analyses. One is from a technical perspective. Bitcoin is relatively stable sideways around 27,000. In addition, purely from a technical perspective, it does give everyone a certain degree of confidence to be bullish. Therefore, many people choose to buy at the bottom at this time. How excusable.The second is a question I mentioned before. During the short holiday, the domestic venture capital market, such as stocks, is suspended. In previous years, funds would come out to avoid risks. Uncle Cat personally believes that some funds will enter the crypto market. Of course, , many people think that most stock traders may not come to the crypto market, but Uncle Mao believes that with the popularity and spread of the crypto market, there are indeed many young stock traders coming to this market. Of course, there are many who enter the market. The amount of funds is still unknown. It may not be too much, but it may also trigger a small wave of buying power in the market. Of course, if you want to know the exact results, pay close attention to the day trading volume in the next few days to get the results.
Due to various reasons, the Bitcoin market remains at 27,000, and the 4-hour Bollinger Bands are gradually shrinking. Uncle Cat is still on the sidelines or defensive at the moment. The specific market sentiment will depend on the early morning and the whole day tomorrow. Performance. After all, at times like this, caution is the key. At the same time, it was previously believed that the U.S. government shutdown issue that could trigger a rise in the market has been resolved, so the specific direction of the market should depend on tomorrow's performance on Monday.
Of course, some Ethereum futures ETFs will be approved and issued next week. I personally don’t think it will bring much enthusiasm to the market, but it also depends on the specific market sentiment next Tuesday.
The holidays continue and I wish you all a happy holiday! Welcome to Uncle Cat Talks about Money!
#BTC $BTC
I promised everyone to update the content from time to time during the holidays, but I was delayed by something special today, so I will update an article temporarily!
The recent hotly debated U.S. government shutdown has its results today. A few hours before yesterday morning, Republican leader McCarthy once again proposed a reconciliation bill, and the elder Biden also signed the bill, thus extending the negotiations for the 24th fiscal anniversary. time, and also avoided the issue of a U.S. government shutdown. This extension will last for 45 days and will last until November 17 this year. During this period, the relevant 12 ideas and bills will be negotiated and finally concluded (of course, the funding proposal for Ukraine Except), the possibility of another postponement is greatly reduced. McCarthy of the Republican Party was also "betrayed" by his internal responsibilities for signing the bill, and may have to undergo internal impeachment later. Of course, this is a digression.
The shutdown has been lifted, and it can be seen from the side that the U.S. government as a whole is also worried about the economic damage and rebound in inflation caused by the government shutdown. Currently, due to high borrowing costs in the United States, and the arrival of the student loan season in October, the American people only Noble is forced to use loans at high interest rates, and with rising energy prices suppressing consumer spending and the United States currently experiencing the highest peak of non-performing loans in a decade, the U.S. credit system is in danger. In this dangerous state, when the U.S. will raise interest rates at the end of the year, when, how, and whether it will increase interest rates becomes more predictable.
Year-on-year, the offshore soft girl exchange rate has corrected to around 7.17, which has returned to the level in June/July this year. Moreover, this is in the context of the recent continued rise of the U.S. index, which shows that it is still feasible for soft girls to fight against the hegemony of the US dollar. Of course, this view is still relatively one-sided. After all, most people don't think highly of soft girls. It can only be said that Uncle Cat is optimistic about it.
Since the U.S. government shutdown that we were concerned about previously has been temporarily resolved, and there is no capital risk aversion, why did the market gradually fluctuate upward during the day today?
Uncle Mao has two personal analyses. One is from a technical perspective. Bitcoin is relatively stable sideways around 27,000. In addition, purely from a technical perspective, it does give everyone a certain degree of confidence to be bullish. Therefore, many people choose to buy at the bottom at this time. How excusable.The second is a question I mentioned before. During the short holiday, the domestic venture capital market, such as stocks, is suspended. In previous years, funds would come out to avoid risks. Uncle Cat personally believes that some funds will enter the crypto market. Of course, , many people think that most stock traders may not come to the crypto market, but Uncle Mao believes that with the popularity and spread of the crypto market, there are indeed many young stock traders coming to this market. Of course, there are many who enter the market. The amount of funds is still unknown. It may not be too much, but it may also trigger a small wave of buying power in the market. Of course, if you want to know the exact results, pay close attention to the day trading volume in the next few days to get the results.
Due to various reasons, the Bitcoin market remains at 27,000, and the 4-hour Bollinger Bands are gradually shrinking. Uncle Cat is still on the sidelines or defensive at the moment. The specific market sentiment will depend on the early morning and the whole day tomorrow. Performance. After all, at times like this, caution is the key. At the same time, it was previously believed that the U.S. government shutdown issue that could trigger a rise in the market has been resolved, so the specific direction of the market should depend on tomorrow's performance on Monday.
Of course, some Ethereum futures ETFs will be approved and issued next week. I personally don’t think it will bring much enthusiasm to the market, but it also depends on the specific market sentiment next Tuesday.
The holidays continue and I wish you all a happy holiday! Welcome to Uncle Cat Talks about Money!
#BTC $BTC
