Stocks tumbled yesterday, triggered by a surge in Treasury yields that took them back to levels last seen at the start of 2020. If this is a reincarnation, then the United States may also have reached the stage head. The root cause of the U.S. stock market slump is actually similar to that of A shares in 2007. The Federal Reserve let loose water, causing excessive inflation expectations. Expectations for the market have shifted from extreme speculation to defensiveness.
Gold as a hedge against inflation has also not done well of late, and Bitcoin seems to be doing even better as a digital gold. But don't count your chickens before they hatch. As speculative stocks, it is hard to argue that they are the safest haven after a market collapse.
For now, bitcoin is not a reserve currency and cannot be endorsed by governments. Although the market value is small, a few people like Musk, who are extremely rich, could probably buy up all the Bitcoin in circulation. But why would they buy it? If they want to maintain their wealth status, they need to fight inflation. But if digital currencies fail to become a medium of exchange for legal circulation, that logic may be in question.
Recently, many financial leaders have been talking about Bitcoin. The day before yesterday, Munger also came out to talk about his views on Bitcoin, which I think is of great reference significance.
Therefore, we should think here, an independent thinking person, in order to survive in the market for a long time. Again, if you are a speculator, you must be moderate and not put your money at risk.
Technical analysis: Bitcoin's MACD daily line is dead fork, into the bearish trend, MA18 lost, short-term look at the head confirmation, if the adjustment here, several important downward support, should be 43000-41000 US dollars, 31000-28000 US dollars, 21000, 14000 US dollars. Any long position is at risk of losing money before the daily MACD correction ends, so holding on to your wallet is key.
Gold as a hedge against inflation has also not done well of late, and Bitcoin seems to be doing even better as a digital gold. But don't count your chickens before they hatch. As speculative stocks, it is hard to argue that they are the safest haven after a market collapse.
For now, bitcoin is not a reserve currency and cannot be endorsed by governments. Although the market value is small, a few people like Musk, who are extremely rich, could probably buy up all the Bitcoin in circulation. But why would they buy it? If they want to maintain their wealth status, they need to fight inflation. But if digital currencies fail to become a medium of exchange for legal circulation, that logic may be in question.
Recently, many financial leaders have been talking about Bitcoin. The day before yesterday, Munger also came out to talk about his views on Bitcoin, which I think is of great reference significance.
Therefore, we should think here, an independent thinking person, in order to survive in the market for a long time. Again, if you are a speculator, you must be moderate and not put your money at risk.
Technical analysis: Bitcoin's MACD daily line is dead fork, into the bearish trend, MA18 lost, short-term look at the head confirmation, if the adjustment here, several important downward support, should be 43000-41000 US dollars, 31000-28000 US dollars, 21000, 14000 US dollars. Any long position is at risk of losing money before the daily MACD correction ends, so holding on to your wallet is key.
30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.