Puke

The fog of policy has triggered market turbulence, with the new head of the Federal Reserve becoming a key variable.
At the end of January, global financial markets experienced severe fluctuations, with precious metals and the cryptocurrency market weakening simultaneously. The announcement of the next Federal Reserve Chair candidate is imminent, becoming a core factor influencing market direction. Precious metals collectively suffered heavy losses, with gold dropping over 7% from historical highs and silver falling by more than 10%. The primary reasons were the liquidation of long positions due to over-leveraging and the failure of interest rate cut expectations. The cryptocurrency market also faced pressure, with Bitcoin dipping to $83,000, a 24-hour drop of 5.5%. High interest rates suppressed liquidity, and options expiration along with capital outflows led to over $1 billion in liquidations. Trump officially announced that he would reveal the Federal Reserve Chair nomination, with hawkish Kevin Walsh being the biggest favorite. His policy proposals may reshape the direction of the Federal Reserve. The monetary policy inclination of the new head will directly determine the pace of interest rate cuts, becoming a key variable for the subsequent trends of precious metals and cryptocurrency assets.
The current price of Bitcoin is approximately $83,200, down 5.5% in 24 hours, with an intraday low of $83,000. Influenced by options expiration, geopolitical risks, and capital outflows, over $1 billion was liquidated in 24 hours, primarily in long positions. A short-term support level of $84,500 has been broken, with expectations of a decline to $80,000-$82,000, and resistance at $87,000-$89,000. Currently, the ultimate bottom cannot be confirmed, with macro and technical indicators biased towards bearishness. However, the expiration of $7.54 billion in options may trigger a short-term repair rebound, while the mid-term outlook remains volatile and downward. If it breaks below $80,000, it may drop to $74,000; stabilizing above $85,000 may lead to a return to volatility. The operational suggestion is to remain cautious, reduce positions if there is a rebound to $87,000, avoid blindly bottom-fishing, and strictly control position sizes with a stop-loss set at 5%-8%.

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#贵金属巨震 #加密市场回调 #下任美联储主席会是谁？

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