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#Strategy加仓BTC Market Brief
Spot gold surged strongly this afternoon, rising over $50 in one go, reaching a new high of $4639.11 per ounce, a new record. The increase was 1.12%. Trading volume also picked up, and the short-term upward momentum is quite fierce.
Why is it rising so sharply? Three reasons:
The Federal Reserve's rate cut window has opened. US December CPI data was below expectations, and the market is betting that the Fed will start cutting rates in March. As a result, the dollar has weakened — and a weaker dollar makes gold more attractive. The logic is very clear.
Geopolitical tensions are fueling the market. International trade frictions are intensifying, tariffs are increasing, and global central banks are aggressively stockpiling gold. Safe-haven funds are flowing into gold, supporting the price. In simple terms, everyone is paying an insurance premium against uncertainty.
Institutional sentiment has turned optimistic. Major banks like HSBC and JPMorgan Chase have raised their gold price targets, smart money is following suit, creating a self-reinforcing upward cycle.
Trading strategy reference:
Bullish traders can hold the support at 4610. If it stabilizes, continue holding. The second line of defense is at 4600. If it really collapses, retreat to the strong support at 4570-4580.
For shorting opportunities, consider the 4650-4655 range. You can try, but remember to take profit around 4635-4640. Don't be greedy.