Is there a high possibility of a pullback during the rate hike on October 27th?

CN
金伦说
Follow
2 years ago

Tracking real-time hotspots in the currency circle, seizing intraday trading opportunities!

Hello everyone, I am Jin Lun, with 8 years of experience in the market, good at interpreting news, real-time layout trading in the short and medium term, precise control of positions, and stable returns! Trading principles, seizing entry opportunities, conducting good technical analysis, knowing when to stop, timely withdrawal, being prepared for the future. Real-time monitoring, online guidance, with Jin's assistance, a better understanding of the currency circle, achieving a win-win situation for flipping positions! - Jin Lun

Follow the "Jin Lun Says" public account: Trading is an investment in value, selection, timing, analysis, cycle, and patience are all indispensable. Do not let temporary losses affect the correct judgment of the overall trend, and do not let short-term gains or losses affect your trading mentality. Keep a calm attitude, follow the trend, and everyone can be a king in the currency circle!

Review: The recent trend of the overall market has risen significantly, with the trend of Bitcoin and Ethereum rebounding at high levels and consolidating sideways. There was a small expected retracement in the intraday market yesterday, but it has not been able to break through the previous high-level oscillation range. Bitcoin is focused on the range of 33,200-34,500 points, and Ethereum is focused on the range of 1,750-1,850 points. If there is no significant breakthrough in the intraday direction, the market trend is unlikely to end in the short term. Regarding the recent data on the November rate hike by the Federal Reserve, Powell previously mentioned in reports that there is a high possibility of not raising interest rates to cope with the current economic environment, but will still maintain high interest rates in the future to deal with the current inflation environment. Looking at the CPI data for this month, the published value is at a 3.7% inflation rate, compared with the previous period, and there is no expected decline, which further indicates that this rate hike is unlikely to adopt a method of lowering interest rates to maintain the domestic inflation level. Therefore, in terms of the market outlook, regardless of whether the Federal Reserve raises interest rates, there is still an expected retracement in the short term. Regarding trading, Jin believes that the market should mainly focus on short positions at high points.

BTC: Recommended short entry at 34,200-34,500 points, risk control at 35,000 points, target at 32,300 points.

ETH: Recommended short entry in the range of 1,820-1,850 points, risk control at 1,885 points, target at 1,750 points.

Main currency pair recommendation: BTC/ETH contract

Trading style: Follow the trend, box transaction strategy.

The strategy is for reference only, the currency market is risky, and investment needs to be cautious!

Public account QR code:

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink