Some friends asked why, despite good data, the US stock market and Bitcoin are still declining. This is actually the reason I wrote the pinned tweet, because what we need to know is whether the current rise is a rebound or a reversal, and what the reasons for the decline are. If the reasons for the decline are not resolved, then every rise may just be a rebound.
The main reasons for the market's lack of upward momentum currently are the expectations of an economic recession and rising inflation, which lead the Federal Reserve to be reluctant to cut interest rates. So, have these issues been resolved? Can the Russia-Ukraine conflict, which serves as a buffer for inflation, be stopped?
By clarifying these points, we can clearly see the short-term trends in the market.
This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX
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