Tracking real-time hotspots in the currency circle, seizing the best trading opportunities. Today is Friday, March 1, 2024, and I am Yibo! We do not predict trades, but actually observe market fluctuations (narrowing, diffusion), structure (market batch structure), emotions (external market stocks, US dollars, etc.). As a trader, you (through trading) affect prices, and prices also affect your emotions and behavior as a factor.

Recently, several senior officials of the Federal Reserve have made intensive speeches, releasing significant signals. Recent data shows a rebound in price pressure, but Federal Reserve officials are still concerned about the overall progress of inflation and insist on cutting interest rates two to three times this year, although a rate cut is not imminent. The latest data from the US Department of Commerce last night showed that the Fed's preferred inflation target, the January core PCE price index excluding food and energy, fell to 2.8% year-on-year, slightly lower than the previous month's 2.9%, in line with market expectations, the smallest increase since March 2021; but rebounded from 0.2% the previous month to 0.4%, in line with the expected 0.4%, the largest increase since April 2023. On March 19-20, the Federal Reserve FOMC will hold its next policy meeting, with interest rates expected to remain in the range of 5.25% to 5.5%. The significant pullback in the crypto market may be due to these reasons, but judging from the Bitcoin order book ratio, whales and institutions, especially the nine major US Bitcoin spot ETFs, do not seem to be affected by these factors. The demand for BTC on Wall Street has not been met, as BlackRock's IBIT absorbed a record $520 million in inflows yesterday, the largest inflow of any Bitcoin ETF in history and the second largest inflow of all ETFs traded yesterday! The mysterious address "Mr.100" made 14 more transactions on February 29, each about 100 coins, accumulating an additional 1424 BTC, bringing the total held by the address to 51,064 BTC, worth about $3.123 billion. In particular, Grayscale analysts: there is not enough Bitcoin to meet all the new demand, and the supply and demand dynamics are driving prices higher.

After a recent continuous stretch, the big cake experienced a stagnation situation in the short term, with the market continuing to oscillate at a high level yesterday. There is still some pressure above 64000, and after several rounds of testing, the market failed to continue to break through the high, gradually falling back in the early morning, with an overall retracement of over four thousand points, currently consolidating around 61200. This retracement also indicates that a recovery process is coming. The current retracement is not a turning point for the bulls. We have mentioned multiple times that there is a certain retracement space below, so this retracement is within our expectations. The retracement of the bears is there, but ultimately it ends with a bottoming out and rebound. It did not break the overall strong trend. Whether it is rising or falling, there is a process of ups and downs, with a rise accompanied by a fall, and a fall accompanied by a rebound, which is very normal. The 4-hour chart has been repeatedly under pressure and oscillating near the upper Bollinger Band, and the short-term is still in a range oscillation. Combined with the closing situation of the daily chart, it is not ruled out that it will continue to oscillate back and forth between 63500-60500, but the structure still tends to be bullish. It will just be accompanied by repeated probing and rebounding, and the operation will test the entry point more. Currently, it is brewing around the upper rail. Maintain a long position for the retracement, and the recommended operation is to enter a long position in the 61000-60800 range, with a target focus on 63000.

Yesterday, Ethereum rose first and then fell, reaching a high of 3531 and a low of 3300, which can be described as a strong long and short washing. After several days of large positive gains, a medium-sized negative line with a long upper shadow appeared on the daily chart, indicating that the short-term has officially entered a corrective phase. The main reason is that the breakthrough and volume on the weekly chart have brought a relatively large overall space, but after the release of the momentum from the breakthrough, there has not been a corrective phase, so it is normal to have a corrective phase for some time. The daily chart has turned negative for the first time since the continuous positive gains, but the form still indicates a pause, not a reversal signal. The trend is still bullish, but it may enter a few days of oscillation. There was no obvious rebound in the short term, and it is clear that the support has not been confirmed in place. There is still space to look at below on Friday, and for the long and short corrections and oscillations, both can participate, but it is best to follow the trend for a retracement long. The plan is to retreat long on Friday and decide based on the strength in the middle of the night. The recommended operation is to focus on the 3320-3350 range for a long position, with a target focus on around 3450-3480.

In this market, it ultimately comes down to ability. If your ability is insufficient, what the market gives you will eventually be taken back. Therefore, when your wealth exceeds your ability, you need to control the retracement. Although this control is futile, because that kind of profitable arrogance and arrogance will ultimately destroy a person's rationality, but we do not have to worry about the situation where our wealth is lower than our ability in the capital market, because this kind of imbalance will eventually be corrected by time. If it has not been corrected, there is only one reason, and that is your own lack of ability. If you are still in a state of confusion, do not understand the technology, do not know how to read the market, do not know when to enter, do not know when to stop loss, do not know when to take profit, randomly add positions, get trapped at the bottom, cannot hold onto profits, and cannot seize the market opportunities when they arise. These are common problems among retail investors, but it's okay, come to me, and I will guide you in the right direction for trading. A thousand words are not as good as one profitable trade. Instead of frequent operations, it's better to be precise with each trade, making each one valuable. What you need to do is find me, and what we need to do is prove that what we say is not empty. 24-hour real-time guidance for trading. The market fluctuates quickly, and due to the impact of timeliness during review, the main focus for the subsequent market trends is real-time layout. Coin friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.

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