Bitget CFD Chief Analyst: Rate Hike Expectations Cool Down, Technical Analysis to Take Full Control of Market Trend

BlockBeats News, July 7th - Today, Bitget CFD Chief Analyst Lewis Huang pointed out in an online live stream with the theme "Rate Hike Expectation Cooled Down: Technical Analysis Taking Over the Trend" that the current global financial market is at a key juncture where the macro narrative is transitioning with the market trend. He emphasized that as recent overall economic data continues to be released, the market's concern about the Federal Reserve maintaining an aggressive rate hike path has significantly eased. Against the backdrop of weakened macroeconomic pressures, funds are reorienting, and the market logic will gradually shift from being "news-driven" to being "technology-driven."

Regarding the current market environment, Lewis Huang stated that when macro expectations become consistent or stable, "technical analysis will reflect all market information." In the live practical analysis segment, he extensively dissected the latest chart structures of gold, US stocks, and popular stock indices. He pointed out that due to the receding interest rate hike risk, non-yield assets (such as gold) and risk assets (such as stock indices) are showing clearer technical boundaries. He advised CFD traders to temporarily reduce their reliance on macro data games at this stage and shift their trading focus to price action itself. By relying on key support and resistance levels and trend indicators, traders can flexibly capture trading opportunities in both range and trend trading under the market sentiment switch.