Almost 100% probability that the rate hike on Nov.2 will be +75bp. So last week Fed officials make the public focus on whether it is necessary to slow the pace of rate hike in December. In this situation, the market is expecting an inflation peak and a policy inflection point again, as it did in the June. But how the macro situation change, is still need latest CPI to prove.
The European Central Bank will be the first to face an interest rate decision on Thursday. The market expects that all three benchmark interest rates will be raised by 75bp, which is a reasonable decision for Europe with higher inflation. We know that USDC, which stands for the stablecoin of U.S. funds, declined after U.S. interest rate hikes began. Then, after the action of the European Central Bank, whether USDT, the stablecoin of European funds, will decline, which will have a great impact on the level of market funds.
SOL fell below the given support level last week, even approaching the price low of the Jun.14. After the price has approached this level many times before, the bulls will increase significantly, which is also the price of ancient chips accumulation (28~30). Frequent retests have made it increasingly fragile, with more bears breaking through the bulls' defense.
Conclusion: Mostly falling. We also mentioned in the last week that the SOL was bearish on a larger level, and the bears was confirmed after the support level failed. We lowered resistance to 34 and set support around 28, which is very close to the current price, and if the ancient chips don't do anything, the next support level will be at 23 after price falls below 28.
If you have any ideas, welcome to communicate with us:)
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.
The European Central Bank will be the first to face an interest rate decision on Thursday. The market expects that all three benchmark interest rates will be raised by 75bp, which is a reasonable decision for Europe with higher inflation. We know that USDC, which stands for the stablecoin of U.S. funds, declined after U.S. interest rate hikes began. Then, after the action of the European Central Bank, whether USDT, the stablecoin of European funds, will decline, which will have a great impact on the level of market funds.
SOL fell below the given support level last week, even approaching the price low of the Jun.14. After the price has approached this level many times before, the bulls will increase significantly, which is also the price of ancient chips accumulation (28~30). Frequent retests have made it increasingly fragile, with more bears breaking through the bulls' defense.
Conclusion: Mostly falling. We also mentioned in the last week that the SOL was bearish on a larger level, and the bears was confirmed after the support level failed. We lowered resistance to 34 and set support around 28, which is very close to the current price, and if the ancient chips don't do anything, the next support level will be at 23 after price falls below 28.
If you have any ideas, welcome to communicate with us:)
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.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.