This week is the standard hell week, with nothing much to explain. News is coming in one after another: non-farm payrolls, inflation, speeches from Federal Reserve officials, and Japan's interest rate decision, all coming together, clearly aiming to mess up the market.
Let's get to the conclusion: the only keyword this week is one: short. Don't catch the bottom, don't catch falling knives, and don't go long without seeing a big needle. I mentioned last week that Japan's interest rate hikes have been starting from a twenty-point drop every time since last year.
In March, it dropped over twenty percent, in July, it dropped over twenty percent, and this January it dropped directly by thirty percent. At this point, some people will definitely say the market has already anticipated it; if it was truly fully anticipated, how come every time the interest rate hike lands, it still drops so fiercely?
The so-called anticipation is just a placebo for retail investors. The real sell-off always happens after the shoe drops, not before the news comes out. The big coin has already broken below 88K this morning; this is capital fleeing in advance. When non-farm payrolls, inflation, and the U.S. stock market resonate together, you'll understand.
Recalling the slight fluctuations over the weekend, I didn't take them seriously; liquidity is also lacking, and the spikes are just illusions. What truly determines life and death is the data this week. The big coin circle still doesn't have its own narrative; to put it bluntly, it's just a shadow of tech stocks. When the U.S. stock market looks bad, the big coin will be the first to kneel.
