Bitget CFD Chief Analyst: Rate Hike Expectations Cool, Technical Analysis to Fully Take Over Market Trends

According to TechFlow, today, July 07, Bitget CFD Chief Analyst Lewis Huang pointed out in an online livestream themed "Cooling Rate Hike Expectations: Technical Analysis Takes Over the Trend" that the global financial market is currently at a critical juncture where macro narratives and price movements are alternating. He emphasized that as recent overall economic data continues to be released, market concerns regarding the Federal Reserve maintaining an aggressive rate hike path have significantly cooled. Against the backdrop of weakening macro fundamental pressure, capital is searching for direction again, and market logic will gradually shift from "news-driven" back to "technical-driven".

Regarding the current market landscape, Lewis Huang stated that when macro expectations tend towards consensus or stability, "technical analysis will reflect all market information." During the practical analysis segment of the livestream, he deeply dissected the latest chart structures of gold, US stocks, and popular stock indices. He pointed out that due to the receding of rate hike risks, non-yielding assets (such as gold) and risk assets (such as stock indices) are exhibiting clearer technical boundaries. He suggested that CFD traders should temporarily reduce reliance on macro data speculation at this stage, shift the trading focus to price action itself, and rely on key support and resistance levels and trend indicators to flexibly capture swing and trend trading opportunities amidst shifting market sentiment.