Interpretation of cryptocurrency market on January 12, 2023
The Nasdaq rose 1.7% last night, but significant gains in the crypto market occurred this morning. With BTC rising 5% (Rising more than 60% tokens), there is still a collective rise. This can be interpreted as the entry of incremental funds, and the situation is much more optimistic than the previous days.
We need to pay attention to tonight's CPI data. Previously analyzed, the probability will meet or exceed expectations. The market has a higher probability of responding with a rise. So tonight is a short-term multi-single take-profit opportunity. This judgment remains unchanged. However, in contrast, it may become more appropriate to make a moving take profit.
After the signs of incremental capital entry, the market has some basis for the sustained rise. Tonight's CPI may not be the last rise in the recent good out. Moving-take-profit will be more suitable for the current situation.
As for the bullish wave, this may open up. The thing to worry about is the Fed's mouthpiece on February 2. As a rule, the Fed is powerful after a significant rise in verbal warnings to the market. It is possible to trigger a period of rapid decline. Short-term single pursuit is profit efficiency. How much profit is generated per unit of time? That there is a natural need to avoid. But the previous article analyzed recession expectations and the real purpose of the Federal Reserve many times. The market has gone to the end of the bears. This will be easier to change if a devastating event occurs. BKEX institute has also analyzed the current market's most feared issue of grayness. You can refer to the related article. The probability of this concern will not come true. And the single long-term pursuit of the absolute return. Efficiency is optional for comparison. And low leverage can ignore the volatility in the process. So still do not have to pay attention to it.
We need to pay attention to tonight's CPI data. Previously analyzed, the probability will meet or exceed expectations. The market has a higher probability of responding with a rise. So tonight is a short-term multi-single take-profit opportunity. This judgment remains unchanged. However, in contrast, it may become more appropriate to make a moving take profit.
After the signs of incremental capital entry, the market has some basis for the sustained rise. Tonight's CPI may not be the last rise in the recent good out. Moving-take-profit will be more suitable for the current situation.
As for the bullish wave, this may open up. The thing to worry about is the Fed's mouthpiece on February 2. As a rule, the Fed is powerful after a significant rise in verbal warnings to the market. It is possible to trigger a period of rapid decline. Short-term single pursuit is profit efficiency. How much profit is generated per unit of time? That there is a natural need to avoid. But the previous article analyzed recession expectations and the real purpose of the Federal Reserve many times. The market has gone to the end of the bears. This will be easier to change if a devastating event occurs. BKEX institute has also analyzed the current market's most feared issue of grayness. You can refer to the related article. The probability of this concern will not come true. And the single long-term pursuit of the absolute return. Efficiency is optional for comparison. And low leverage can ignore the volatility in the process. So still do not have to pay attention to it.