English
66815
Brothers encountered a heartbreaking thing today - someone cut off meat at 135 two days ago, and now he slaps his thigh and says he regrets it. Why? Because the three data just released by the United States directly give SOL a breath of fresh air! The annual PPI rate, monthly retail sales rate, and monthly PPI rate in September were all released. On the surface, they looked unremarkable, but in fact, they contained a "relaxation signal" from the Federal Reserve. To put it simply: if the data is weak and expectations of interest rate hikes cool down, money will flow to risky assets. Coins with high elasticity such as SOL will bear the brunt of the rise!  News: Three data gave SOL the "green light"” PPI annual rate (Producer Price Index): September rose 6.8% year-on-year, 0.2% lower than expected. What does it mean? Factory costs can no longer rise, and inflationary pressure has diminished. There is no need for the Federal Reserve to rush to raise interest rates. Retail sales monthly rate: up 0.7% month-on-month, exceeding expectations of 0.3%. Consumption is still strong, which shows that the U.S. economy has not collapsed, people dare to spend money, and risk appetite has increased. PPI monthly rate: up 0.5% month-on-month, also lower than expected. The two PPIs "showing weakness" together are equivalent to telling the market: "The interest rate hike is almost over! ” When these three numbers are put together, it is "all the bad news + sentiment picks up". As a mainstream currency, SOL is most susceptible to this trick - the return of funds, and it will definitely follow suit.  Technical aspect: 139 is a hurdle, you can fly after passing it SOL's current quotation is 138.18, which is just shy of the key level of 139. Technical people all know that 139 is the high point of the past week. Breaking through it is equivalent to "liberating the upper holding plate" and short sellers will panic. Looking at the support level of 135, it has not been broken after repeated testing in the past two days, indicating that bargain hunting funds are protecting the market. Even better, trading volume has quietly increased recently - a signal to "receive more buy orders". The main force may accumulate funds at a low level and wait for the news to cooperate and directly pull it to 142. Don’t think 142 is too high. Last year, this position was the “floor price”. Now in the early stage of the bull market, there is a lot of room!  Personal opinion: This wave is not a rebound, but a prelude to a reversal I have been speculating in currencies for 8 years and have seen too many "false rises and real falls". But this time is different: The news is "real" - the probability of the Federal Reserve raising interest rates by 75 basis points in November has dropped from 70% to 50%, and money has begun to flow back into risky assets from the US dollar. The technical aspect is "accumulation" - the 135-139 range has been sideways for 10 days, like a spring, the harder it is pressed, the higher it bounces. The historical law is "verification" - after two similar data combinations in March and June this year, SOL rose by 15%-20%. After this wave reaches 142, there may be a sharp drop and a washout. Why? The main force wants to scare away the followers and then pull a second wave. Remember this foreshadowing and don’t panic when the time comes! If you don’t know the specific position, you can come to me, Brother Ming, to keep an eye on the market 24 hours a day and remind friends in the village who follow me to follow me. |
|
|
|
|
|
