There was a lot of information last night, let's review it first1. Last night, the pre release data for small non farm workers was 89000 people, with an expected 150000 people, while the actual released value was 113000 people
There was a lot of information last night, let's review it first
1. Last night, the pre release data for small non farm workers was 89000 people, with an expected 150000 people, while the actual released value was 113000 people. We often say that if the employment data in the United States decreases and the unemployment rate increases, it will greatly alleviate the high inflation in the United States at this time; Although the actual data released this time is lower than expected, compared to the previous value, it proves that the employment population is increasing, prompting the Federal Reserve to accelerate the pace of interest rate cuts.
2. The second is the Federal Reserve's interest rate resolution, which temporarily does not raise interest rates. This is also because the interest rate hike has been suspended for two consecutive cycles since March last year, so the market has reacted quickly, which is also in line with expectations.
3. The statement by the Chairman of the Federal Reserve that further interest rate hikes may be necessary and that it would be difficult to raise interest rates again after a pause is incorrect, and a cautious attitude is still maintained. My personal opinion is that it is likely that the Federal Reserve will still raise interest rates 1-2 times in early next year, and the positive effect of suspending interest rate hikes is short-lived. Long term high interest rates will greatly harm the market.
What is the impact on the market?
Before the news of yesterday's interest rate hike hit the ground, the pancake experienced a wave of highs and lows, reaching a maximum of over 35200 and then continuing to decline, reaching a minimum of around 34000. When everyone thought they could reach a lower level, it stabilized above 34000. Subsequently, the bearish news of the interest rate hike hit the ground, and the US stock market rebounded strongly. Shanzhai also ushered in a wave of eruptions. Ethereum rose first, and then the pancake began to make up, At present, the high point has reached above 35700, and the trend can be described as very strong!
So, currently, I am still thinking that Big Cake can step back on a small friend around 30000 yuan. It is better not to have too high expectations. If there is a chance to give it around 33000 yuan, I will decisively get on the car. Otherwise, when it reaches over 40000 yuan, I will regret and empty the entire Mavericks market. Currently, I personally believe that it is not enough to build a big bull market, so I cannot be too FOMO, after all, from the current environment, The inflow of external funds is still limited, as can be seen from the total market value of encryption.
From the daily level of Ethereum's Bollinger zone indicators, the sustained strength of shanzhai may still be early, especially when many people have emptied the market and allocated a large amount of positions to Ethereum. In fact, Ethereum's cars are still relatively heavy, so it is still difficult to maintain the high positions of the market and Ethereum without too much incremental funds. In four hours, it is even more obvious that after a wave of strength, they are directly pushed back, So, at present, we should not have too many illusions about the ether. Similarly, the longer the adjustment time of the ether, the longer it will erupt and last. Therefore, there is no need to be impatient, seize the hot spots in the market, be more patient, and the value variety will erupt sooner or later!
How to choose currency before a bull market?
The market value of stable currency has been slowly increasing recently. The price of u has been consistently high. There is an inversion with the US dollar. This indicates the need for big fish attacks. There will be more people entering. So what currency should you choose for such a market situation?
1. Firstly, you need to establish a goal and not expect to earn 100 times. You can start by earning three times as much as you want. The entire bull market can be said to know how to switch tracks, earning 10 threes is very likely to earn 3 threes. That's really simple
2. There are basically three waves in a bull market: start-up period, explosive period, and super explosive period. During the start-up period, many projects will increase by 10% per day. The explosive period rose by 50% in one day. During the super explosive period, it doubled in a day. What you should do now is calculate the valuation and then buy and buy.
3. What to buy today, I won't just make currency recommendations. But you can focus on the hot topics and determine what the next wave of speculation is in my opinion
See how many you can catch yourself. How to choose from this section? You must choose the one with high traffic. This project must use this currency, and it is best to use it like the previous FIL. The higher the coin price, the higher the mining income, and the more people buy this type of coin. Remember to have consumption, regardless of any consumption.
That's the end of today's article. Everyone thinks it's written well, so you can follow and read it~
Will Bitcoin break through "40000"? Do you have a chance to get on the car this year? What direction does the bull market layout focus on?
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