I present my vision of the market:
1)The Federal Reserve System (FRS) kept the interest rate on federal lending funds at 5.25−5.5% per annum.
2)We have an open intersection Ma50-200. A 35000 fake level for speculations.
32000 is real imbalance correction point.
3)A rate cut is expected by the spring and money printing will begin. But now the most important event in the world: Chinese New Year on February 10th. Large profit-taking and market stagnation will continue during the holidays.
4)The DXY index has closed the imbalance at the bottom and is successfully strengthening against the backdrop of massive fixations before the holidays. 108-109 for the Dollar is success. Bitcoin will have to start collapsing, causing weak hands to panic. But there is still a way up. The main thing is to be able to wait.
1)The Federal Reserve System (FRS) kept the interest rate on federal lending funds at 5.25−5.5% per annum.
2)We have an open intersection Ma50-200. A 35000 fake level for speculations.
32000 is real imbalance correction point.
3)A rate cut is expected by the spring and money printing will begin. But now the most important event in the world: Chinese New Year on February 10th. Large profit-taking and market stagnation will continue during the holidays.
4)The DXY index has closed the imbalance at the bottom and is successfully strengthening against the backdrop of massive fixations before the holidays. 108-109 for the Dollar is success. Bitcoin will have to start collapsing, causing weak hands to panic. But there is still a way up. The main thing is to be able to wait.