Content source: Weibo (Kuang Ren Daobi Dao)
Madman said
The probability of a 50 basis point rate hike in the United States in December is 78.2%, which basically determines the rate hike on December 14. Affected by this, the 10-year and 30-year Treasury bond rates and loan rates have declined, anticipating the price after the rate hike slows down. The US dollar index has also fallen from a high of 114 to the current 104. Therefore, for the risk market in the short term, there is a chance to breathe. The market begins to expect a recovery after the tightening slows down, and Bitcoin is also expected to follow the US stock market to go out of the staged rise. Today's strong rebound of Bitcoin can be said to be beyond expectations. According to our forecast yesterday, a new pit climbing market will start next week. It is expected that the two integers of 18,000 and 19,000 will not be difficult to break through. The real pressure zone is in the 19,000-20,000 range. The risk preference of funds has increased due to the slowdown in the rate hike. But we still need to understand that the Federal Reserve interest rate will most likely continue to run at a high level next year as inflation gradually declines. The recovery of the risk market does not mean a V-shaped reversal. It will require a longer period of repeated consolidation at the bottom. From the current perspective, it should return to its fair value and then fluctuate at the bottom, so there is continued upward space in the short term.
It is still Sunday in Europe and the United States, so there is no special news. However, the domestic epidemic has been gradually relaxed, and the speed of relaxation is somewhat unexpected. I saw a lot of positive cases around, which means that the patient base should be quite large. Therefore, everyone should do a good job of personal protection in the first few waves, otherwise it is likely to catch up with a round of unexpected medical run. Especially if there are elderly people at home, try to go out as little as possible. Young people will not be seriously ill if they get it, and they will recover after a few days of discomfort. The elderly are prone to complications, and the difficulty of seeing a doctor has increased suddenly. The consequences of infection can be imagined. For A-shares, the super-strong relief of real estate in the first two weeks + the relaxation of the epidemic have removed the two mountains that have been pressing on them. Later, with the continued neutral easing policy, there will be a wave of slow bulls, and you can pay attention to related investment opportunities. Oh, by the way, if conditions permit, prepare more medical supplies related to epidemic prevention. After all, with a large population base, it is easy to have a periodic rush to buy.
Franklin Templeton, the president of global asset management giant, said that Ethereum staking provides huge business opportunities for institutional investors. He expressed optimism about the institutional adoption of Ethereum staking in an interview. He also believed that the current crypto industry has similarities with the hedge fund bear market in 2005, where institutional investors took positions during the decline and eventually gained market control. It's over to be optimistic about Bitcoin and Ethereum, the future is pretty much the same.
Stablecoin market share: USDT 30.9%, USDC 29.7%, BUSD 21.1%. From a single dominant player to a three-way competition, it also shows that the crypto market has become more mature. In any case, the industry is moving forward in a healthy way, stumbling step by step from youth to maturity.
Panic 26, no change.
Bitcoin: Moving steadily higher, we can see that demand is gradually intervening, while the short-selling force has almost been completely exhausted. It is expected that there will be an upward acceleration in the first half of the week. As the December interest rate hike is getting closer, both US stocks and Bitcoin have room to release this positive news in advance.
Ethereum: It immediately pulled back after the fake fall and returned to the strong pressure above 1300. The wash-out was very quick. Funds will flow back in large quantities, and it is expected to be stronger than the rebound of Bitcoin.
LINK: In the past month, major Binance investors have transferred $100 million worth of LINK to crypto wallets, with an average holding cost of 7.2. It is obvious that positions are continuously being built at the bottom, and the market trend of climbing out of the pit is worth looking forward to.
ICP: Integrated Bitcoin network, can locally save, send and receive Bitcoins. After so long of development, only such a simple function has been implemented. I don’t know what all the money is spent on, but development is better than running away. At least it can rise in tandem with the market.
ADA: The founder said that Gemini and FTX went bankrupt because they did not list ADA. This logic is simply invincible. An old project can do so badly and shamelessly. In my mind, this founder has surpassed EOS founder BM.
XRP: The lawsuit with the SEC should be over in 2023. With the end of the lawsuit and the release of non-circulating shares, there should be a decent market trend in 2023. It is expected to be no worse than the halving of Litecoin, so you can pay more attention to it.
The overall increase in the price of small coins is controllable, which means that funds are still flowing back into mainstream coins. This is a healthy upward trend and is worth looking forward to.
