The mainstream currency is weak and volatile, what is the underlying logic behind the undercurrent?
To invest, you must first establish a correct investment philosophy, which is the root of everything. Secondly, do a good job in position and fund management, maintain a good attitude, don’t be proud when you make a profit, and don’t be discouraged when you lose. With a solid technical foundation, you will be guided on the right path Only by going down can we gain a long-term foothold. Many times people are not pursuing profits, but indulging in fantasies, indirect indecision, so that the final transaction full of excuses cannot afford to lose, because they have never won at all. At this time, forget all the impossible, To keep a possibility. Success=opportunity+preparation, times make heroes, heroes make times, there is no such thing as a free dinner, opportunities favor those who are prepared, and the investment market is the same. Those who live are useless, so knowing does not mean doing it, it is equivalent to wasting your own time, only action has power, knowing and doing it can truly seize the opportunity, and you are the final winner! The way to invest is not in the profit and loss of the day and night, but in the long-term accumulation, in finding out the pulse of the market, and earning the market that we can understand.
In terms of bitcoin yesterday, the white market gave a strategy of 57800-58000 as the limit suppression. In the short term, it can be used as the suppression position and the multi-order exit point. Yesterday, the white market chased the multi-order above 57000 and succeeded in taking profit at the 58000 line, and then activated Suggestions for empty orders, take profit on the vegas tunnel along the 57400 line to take profit and exit the market, Ethereum gave the 2025-2030 line yesterday to suppress the long-term order exit point, activate the short order at the 2030 line, take profit 1990, the lowest yesterday 1982 On the whole, the profit of Bitcoin is 1800 points for long orders, 600 points for short orders, 45 points for long orders of Ethereum, and 40 points for short orders. (ps: Due to some things in the early morning, there is no update suggestion, so I won’t make a summary here)
The mainstream currencies generally rose in the early morning of yesterday, and hit the highest line of 58,400 this morning. It recovered the decline of the previous few days in one night. After changing the weakness of the market, it returned to above 58,000 again, but it is obviously still in the upward trend channel since the beginning of the year. Below, then our overall operation idea is to focus on the high altitude for the time being, supplemented by falling back and doing long. The short-term support at the bottom is 57600 first-line, the limit support is 56100-56600, the upper part is forced to suppress 60000, and the short-term suppression is 59300-59500.
Ethereum rose again in the early morning of yesterday. After changing the weakness of the previous few days, it returned to the top of the 2000 mark again. The highest line of 2097 was suppressed by the 2100 integer mark. The upper short-term suppression is 2100, and the previous high point of 2150 is forced to be suppressed, and the operation can be treated as a range shock.
In the past period of time, two major events have occurred: one is that the United States is preparing to lift sanctions against Iran, and the other is that the Fed continues to be dovish and has increased its water release. The reaction of the equity and bond markets was not great, and the S&P set a new record high, but in fact the increase was extremely flat, and the increase in the yield of government bonds was not large.
So, what is the logic behind these changes?
US prepares to lift sanctions on Iran
WASHINGTON (Reuters) - The U.S. is preparing to lift sanctions on Iran to restore compliance with the Iran nuclear deal, including sanctions inconsistent with the 2015 agreement, the U.S. State Department said on Wednesday, according to the latest news from Reuters.
The United States said on Wednesday it was ready to lift sanctions on Iran to restore compliance with the nuclear deal, including those inconsistent with the 2015 agreement, but gave no details. "We are prepared to take the necessary steps to restore compliance with the JCPOA, including the removal of sanctions that are inconsistent with the JCPOA. I cannot give you specific details on matters here." US State Department spokesman Ned Pleasant Ned Price told reporters.
Former U.S. President Donald Trump withdrew from a 2015 deal to curb his nuclear program and reimposed U.S. sanctions.
The State Department statement followed separate meetings between diplomats from major powers and the European Union on Wednesday with Iran and the United States to discuss what sanctions Washington might lift and what nuclear restrictions Tehran might impose to bring the two countries back into compliance with the treaty.
The United States and Iran, who have long been at odds, say they do not expect a quick breakthrough in talks that began in Vienna on Tuesday, with European and other diplomats acting as intermediaries, and Tehran is currently refusing face-to-face talks.
The remaining parties to the agreement (Iran, Britain, China, France, Germany and Russia) reached an agreement on Tuesday to form two expert-level groups tasked with manipulating the list of sanctions that the United States can lift, as well as the nuclear obligations that Iran needs to meet.
The working group, which is chaired by the European Union but does not include the United States, met on Wednesday, diplomats said. A U.S. official, speaking on condition of anonymity, said the U.S. delegation had been briefed on the discussions in Vienna.
Fed continues to be dovish
The minutes of the Fed meeting showed that officials believed it would take some time to make substantial progress; that guidance would not need to be readjusted frequently; participants agreed that while the economy had improved, it was still far from the Fed's goals; the economy and employment were "far below expected levels; the health crisis continues to pose significant risks; given these risks, the current monetary policy stance remains appropriate to facilitate a further recovery; rising Treasury yields reflect improving economic conditions.
In addition, the Fed will continue to increase its holdings of Treasury bills by at least $80 billion per month and agency mortgage-backed securities by at least $40 billion per month until it makes substantial progress toward achieving the Committee's maximum employment and price stability goals. These asset purchases help promote smooth market functioning and accommodative financial conditions, which support the provision of credit to households and businesses.
Participants agreed that the road ahead remains highly uncertain and that the COVID-19 epidemic continues to pose risks; several participants emphasized that it is important to fully communicate progress before a possible quantitative easing exit; timing depends on the speed at which progress is made; Uncertainty poses downside risks to the economy; the U.S. economy remains far from its long-term goals.
Many participants noted that changes in the policy path should be based primarily on outcomes, not forecasts; most noted that they see risks to the economic outlook as broadly balanced; risks to inflation have increased and are currently generally balanced.
There was broad support for raising counterparty caps on overnight reverse repo operations, with some noting that they would support removing the cap entirely; policy guidance worked well at the March meeting.
Trading in fed funds futures picked up after the release of the Fed minutes, with Powell pointing to possible downward pressure on money market rates and saying it may be appropriate to implement adjustments to managed rates at upcoming meetings or even between meetings.
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