Is the bull market returning? ---- ETH
Yesterday, the U.S. CPI for June was released, showing that inflation has eased far beyond expectations. Gold rose, but US stocks and BTC fell. After Powell's dovish remarks, the improvement in CPI can be regarded as a turning point in macro policy. As we often say, we are on the way to a rate cut. We do not believe that the decline in US stocks and BTC demonstrates sell the news.
We believe that funds flowing out of US stocks will flow to BTC and the stock markets of developing countries. BTC did not show strength at when the CPI was released because of the lack of funds. After funds flow into the market, BTC will have a pump, and the funds in the BTC ETF in the following days will prove this.
Therefore, at current levels, it is a good opportunity to buy high-risk assets. Funds will flow out of U.S. stocks and try aggressive investments. Whether it’s BTC or developing country stocks.
In terms of underlying selection, ETH is better than BTC. This is mainly because the ETH ETF approval date is getting closer. From the perspective of entry point, the current TSB indicator gives a BUY signal at the 4h level, which is a suitable position. The TSB indicator has successfully captured gains from declines and rallies many times over the past month.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
We believe that funds flowing out of US stocks will flow to BTC and the stock markets of developing countries. BTC did not show strength at when the CPI was released because of the lack of funds. After funds flow into the market, BTC will have a pump, and the funds in the BTC ETF in the following days will prove this.
Therefore, at current levels, it is a good opportunity to buy high-risk assets. Funds will flow out of U.S. stocks and try aggressive investments. Whether it’s BTC or developing country stocks.
In terms of underlying selection, ETH is better than BTC. This is mainly because the ETH ETF approval date is getting closer. From the perspective of entry point, the current TSB indicator gives a BUY signal at the 4h level, which is a suitable position. The TSB indicator has successfully captured gains from declines and rallies many times over the past month.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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