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Thinking back to my previous trading strategy, I was hoping for a rebound to 74-75, even approaching 78, but the rebound weakened after reaching 71.
Last week's macroeconomic data, particularly the CPI, was strong, but liquidity remains tight due to the Asian holidays.
The main issue is insufficient market sentiment stimulation. Furthermore, the S&P 500 was still fluctuating pre-market this week, indicating that investor sentiment is likely still in a wait-and-see mode.
The necessary stimulus would be an expectation of interest rate cuts, which is still a long way off, at least until March.
We can wait and see about the crypto bill next week, but it's uncertain; Nvidia's earnings reports are expected around the end of February.
So, for now, let's just enjoy the Lunar New Year. As long as #Bitcoin can maintain its current fluctuations and avoid any unexpected events, that's fine.
In conclusion, a real rebound is probably still some time away.
Enjoy the Lunar New Year first. Maybe play some mahjong to clear your head 😂

DC大于C
@DL_W59
02-10
当下行情的交易策略
先要确定从88经过20%的下跌之后,是否在68-78或者65-78(可能到82左右)这里进行底部区间震荡行情还是会继续下探破6,到下一个区间大概5-6。 x.com/DL_W59/status/…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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