Bitget CFD Chief Analyst: With Rate Hike Expectations Cooling, Technical Analysis Will Fully Dominate Market Trends

Odaily reported that Lewis Huang, Chief Analyst for Bitget CFD, highlighted in an online livestream themed "Cooling Rate Hike Expectations: Technical Analysis Takes Over the Trend" that the current global financial market is at a pivotal juncture where macro narratives and market movements alternate. He emphasized that with the recent release of overall economic data, concerns about the Federal Reserve maintaining an aggressive rate hike path have notably subsided. As the suppressive power of macro fundamentals weakens, capital is looking for new directions, and market logic will gradually shift from "news-driven" to "technical-driven".

Regarding the current market framework, Lewis Huang stated that when macro expectations become aligned or stable, "technical analysis will reflect all market information." In the practical analysis segment of the livestream, he thoroughly dissected the latest chart structures of gold, US stocks, and popular indices. He noted that, as rate hike risks ebb, non-yielding assets (such as gold) and risk assets (such as equity indices) are displaying clearer technical boundaries. He suggested that CFD traders should temporarily reduce reliance on macro data speculation at this stage, shifting trading focus to price action itself, relying on key support and resistance levels and trend indicators to flexibly capture swing and trend trading opportunities amid market sentiment shifts.