Last night saw a repeat of the PPI. Both YoY and MoM rebounded, and both exceeded expectations. The data supports the conclusion again that inflation may be about to repeat itself. As a result of this, US stocks opened lower. However, the crypto market came out with an independent period. The crypto rallied while US stocks were opening lower, and BTC set a new high for the year last night before diving in the early morning to keep pace with US stocks. There is still a significant divergence in the market.
Short-term orders will undoubtedly be affected. Tokens that start early will be swept off moving stop loss. Newly opened breakout long orders last night will be stopped loss straight away. But it's all trial and error costs at the moment. The one that does break out will have profits similar to the early-year market. Multiple small stop losses can be recovered all in one single profit. At this stage, the focus of the short-term single is risk-controlled. There will be various trials and errors would be expected.
In terms of market performance this year, the game of inflation and interest rate caps is not the theme. This is very different from last year. It's not just the Fed's hawkish expectations management that has failed, but the market has just as ignored poorer data. This change is something to be taken seriously.
Investors want to rise, not just retail investors.
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