U.S. commercial banks line up to close down, whether the interest rate hike plan can continue

Fundamental interpretation

A report from Goldman Sachs caused a stir today – the Fed is no longer expected to raise rates at its March meeting.

As soon as the report came out, the U.S. dollar index and U.S. bond yields fell sharply, and U.S. stock futures rose in a straight line. Markets are betting the Fed will opt for smaller rate hikes, balancing concerns about financial stress with its push to reduce inflation.

Goldman Sachs releases dozens of reports every month, and this report caused a stir for two reasons:

First, the timing is sensitive – Silicon Valley Bank just had a thunderstorm, and global investors are paying attention to the US bailout plan on Monday;

Second, the topic is sensitive – when the financial market is still discussing whether to raise interest rates by 25 basis points or 50 basis points in March, Goldman Sachs’s view is absolutely “heavy” for the market. Other Wall Street investment banks are expected to follow suit in the days and hours to come.

Highlights of the report:

1. The Fed is no longer expected to raise interest rates at its March meeting, citing “recent stress in the banking system”;

2. It is expected that there will be considerable uncertainty in the path of interest rate hikes after March;

3. It is expected that the terminal interest rate will be 5.25-5.5%.

After the release of the Goldman Sachs report, the focus of discussion in the financial market has changed from “raising interest rates by 25 basis points or 50 basis points” to “raising interest rates by 25 basis points or 0”.

mainstream currency

BTC: In the panic of the market last Saturday, we said that the main force of the multi-army is still there. The midline bulls launched a self-defense counterattack at the critical point. The market outlook has a high probability of concussions and stable results from this afternoon to tomorrow morning, and there will be a chance for the next step up after digesting the shallow set above. Those with heavy mid-term positions take advantage of rising opportunities to reduce and reduce positions. I think a reasonable bottom position is 3 to 4 layers, and short-term positions are selling high and buying low during fluctuations. The support range is 21000~21250, and the pressure range is 22790~23150.

ETH: Continue to hold the midline chips. After the counterattack, it needs a short rest to gather momentum. It is easy to pull up directly, and it is easy to insert pins. Sell high and buy low. The internal structure is gradually studied and judged from small to large, and the trend is relatively good. In the short term, we mainly focus on buying opportunities after small-level corrections. The support range is 1492~1516, and the pressure range is 1644~1668.

LTC: Wright is a coin to focus on this year. In the previous article, we mentioned that the daily decline is relatively sufficient, and long-term chips can enter the market. Our goal is to get a reduction in production and make a profit that is more than doubled. The focus is on position management. , don’t get entangled in the point, the overall position is not high, seize every opportunity for a deep callback.

OP: OP’s rebound in each round is almost 30%~50%. On Saturday, he said that the overall correction is relatively sufficient. He took the initiative to grab a rebound after a sharp drop. He locked up the profit in his hand and held it at 2.27. Further actions will follow up tomorrow.

Platform currency:

BNB: The structure is in the early stage of the pull-up, just hold the mid-to-long-term chips in your hand.

BGB: The disk is starting to strengthen, and the spot price will easily rise if it does not break through 0.34. Refer to this range to play!

Chinese telegram group link: https://t.me/BeiMingSQ

Futures market analysis

Yesterday’s daily list:

For more information, pay attention to the market analysis of Beiming in the currency circle

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