[Mad man says trend]18300, 17500 are excellent opportunities to participate

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[Mad man says trend]18300, 17500 are excellent opportunities to participate
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Madman says…

Fed Bostic believes that the Fed will raise interest rates by 75 basis points in November and 50 basis points in December. The statement of Fed officials confirmed the speculation of most analysts yesterday that the rate of interest rate hikes before the end of the year is likely to be steep. These expectations have made the market excessively depressed recently, and the European Central Bank has also stated that it must continue to raise interest rates to curb inflation. But the madman still holds that point of view. The scale of cryptocurrency is different from the stock market. It is a continuously growing market, so there is no need to worry about its future. The decline must be limited. Later, it will take the lead in rebounding in the US stock market and monetary policy. Smart money will Smell profiteering opportunities in emerging markets more quickly.

JPMorgan believes that the stock market slump is a clear signal that a recession is coming. Last week’s 6.5% decline in the S&P 500 means a 92% chance of recession, and the decline in commodity prices suggests a 96% chance of recession. According to the model of JPMorgan Chase, it will still be an era when cash is king for some time in the future, and there is no need to rush to invest in various assets.

As the euro zone continues to turmoil, the vast majority of euro and pound holders choose bitcoin to deal with currency devaluation, which has never happened before, indicating that bitcoin may once again be a safe-haven asset in the future. The BTC/GBP pair traded at $881 million yesterday, a record high in recent years, and the Bank of England also felt some sense of crisis as a result, with the deputy governor saying that regulators must extend existing regulatory processes to cryptocurrencies. In short, cryptocurrencies have become more and more important in the current European economic situation, and the increasing attention also means that the future we are waiting for will come sooner or later.

Coinbase Asia-Pacific sales director said at the Token2049 conference in Singapore that institutional investors are more stable in the market downturn, adopting a buy-and-hold strategy, which makes institutional trading volumes higher than retail investors. This should be the data that can be seen in the exchange system, so there is no need to doubt the gold content of this paragraph. With institutional funds, it will be over.

itrust

In the past 90 days, Opensea accounted for 76% of the Ethereum NFT transaction volume. On the one hand, it shows the absolute dominance of Opensea on Ethereum. On the other hand, it shows that the innovation of NFT on the ETH chain is limited. On the contrary, NFT players have turned to Faster, lower-cost public chains, Nansen CEO saw from his website monitoring that the NFT markets of SOL and MATIC have been growing rapidly. This also represents the value of the public chain, and the market choice will ultimately price each public chain project.

Panic 22, still extremely panic.

Coin News:

Bitcoin: The stock of Bitcoin on the exchange has reached a two-year low, but there has been an inflow in the past 7 days, an increase of more than 20,000, which is not very large and is generally controllable. The market still chooses to oscillate around 19000. The bulls do not have absolute control. They still maintain yesterday’s judgment. Only after the bottom can they counterattack. The two positions of 18300 and 17500 are still excellent opportunities to participate.

ETH: mainly based on linkage.

LINK: A lot of things have been done recently, especially the pledge function will be launched in December. The initial pool pledged 25 million LINK, which will reduce some circulation. In addition, the project has recently cooperated with many companies. It is worth mentioning that the SWIFT system It is also time to cooperate in the development of cross-chain interoperability protocols. It is a promising project in the future. This leading project linking encryption and reality is worth configuring at a low level.

Be a little patient and wait for new signals, U.S. stocks will still be tossing and turning with the cryptocurrency market.

Disclaimer: The article only represents the author’s personal views and opinions, and does not represent the objective point and position of the block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and blocker will not be responsible for the direct and indirect losses caused by investors’ transactions.

This article[Mad Men Say Trend]18300 and 17500 are excellent opportunities to participate first appeared in the block guest.

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