Attention to China government announcements from the 14th to the 19th before the Spring Festival — from Fox of the Sky / Bitcoin Newsletter
Bitcoin and the International Financial Markets
have become inextricably linked.
A simple image is
if money is in one basket
then that basket is relayed across each financial market.
From stock markets to currency markets,
the important thing is: what is the market about?
If you focus on this,
why did Bitcoin rise and then fall?
The market is about catching the wind.
By tugging on each other’s money and taking the dominant topic,
Currently, recently, the materials have run out and the market is in a consolidation phase.
In the future, on January 13 at 9:00, pay attention to Yellen’s press conference
Changes are around the 14th to the 19th; also,
Whether the market is risk-off or risk-on is in a seesaw game.
It is becoming one from points and lines
What is that? We will look at each piece of data one by one
1. United States interest rate hike expectations, U.S. yields rise, dollar strengthens, but the Dow is tired and slows
2. Gold follows the textbook pattern of decline, but rising concerns about emerging markets and China push gold up slightly
3. Crude oil, rising fundamentals, but a tug-of-war against a stronger dollar leads to a stall and range-bound adjustment
4. Resource currencies, the yen, on the back of dollar strength, tug-of-war, rapid rebound followed by adjustment
4 Bitcoin, crashes due to Chinese regulations and anxiety, money drawn into fiat currencies, but latent emerging-market and China risks suggest upside potential
Each market is in a tug-of-war state
Where will the money flow?
To be continued in Sky Fox / Bitcoin Newsletter ‘Bitcoin TRADING TIPS’!
