The European Central Bank announced a 50 basis point hike in its three key interest rates, which was higher than the market's previous expectation of 25 basis points and exceeded the ECB's forward-looking guidance for June. This is the first rate hike by the European Central Bank since 2011, aimed at curbing the current high inflation in the eurozone. The European Central Bank stated that further normalization of interest rates will be appropriate at the upcoming meeting, and further interest rate hikes will be decided at each meeting. The European Central Bank also announced the launch of the "anti fragmentation" financial instrument - the Transmission Protection Instrument (TPI). The Bank of Japan decided to continue to maintain the ultra loose monetary policy, maintain the short-term interest rate at a level of negative 0.1%, and maintain the long-term interest rate at about zero by purchasing long-term treasury bond.

Fed Chairman Brad previously stated that he supports a 75 basis point interest rate hike at the July meeting; The next meeting will raise interest rates by 75 basis points to a neutral level; Currently, a 100 basis point interest rate hike is not supported. The inflation explosion in the United States will prompt the already hawkish Federal Reserve to adopt a more aggressive rate hike policy. While a 75 basis point rate hike is set to take place in a week, although there have been previous voices indicating that the possibility of a 100 basis point rate hike by the Federal Reserve has declined, the probability of a 50 basis point rate hike by the European Central Bank exceeding expectations and still high inflation is still high. The probability of a 100 basis point rate hike by the Federal Reserve next week is still high.

On July 22nd, according to BTC.com data, Bitcoin experienced an adjustment in mining difficulty at block height of 745920, with mining difficulty reduced by 5.01% to 27.69T.

The Bitcoin mining difficulty adjustment has recorded the largest decline in a year, and it is also the first time in a year that the mining difficulty has been lowered three times in a row. Currently, the Bitcoin mining difficulty has dropped by nearly 11.4% from its historical peak.

Follow within the day:

16: Initial PMI for manufacturing in the 00 Eurozone in July

16: 30 UK Manufacturing and Services PMI for July

20: 30 Canada May Retail Sales Monthly Rate

21:45 Markit Manufacturing PMI Initial Value for July in the United States

21:45 Markit Service Industry PMI Initial Value for July in the United States

The total number of oil drilling operations for the week from 01:00 the next day to July 22nd in the United States

Technical aspect:

Bitcoin

From the 4-hour chart of Bitcoin, it can be seen that Bitcoin has already stepped back once. Next, it will use this low point as a key support, and in the future, it will wait for the market to rise. As long as it does not fall below this low point, it will continue to hold long. The current form is to break the consolidation, and there is likely to be a trend in the future.

Pressure: 28500-31500

Support: 16500-12000

Long near 23000, stop loss 22500, target 25000.

EUR/USD

From the one hour chart of the euro against the US dollar, the current volatility of the euro against the US dollar is that it is difficult to further lift the interest rate hikes. Yesterday, it rose again in the session, forming a high point. Later, it will break short at the recent low neckline. This round of long pull will roughly end with the confirmation of yesterday's last high.

Pressure: 1.0270-1.0480

Support: 1.0000-0.9000

Short around 1.0200, stop loss 1.0230, target 1.0140.

USD to CAD

From the 1-hour chart trend of the US dollar against the Canadian dollar, it can be seen that the US dollar is currently trading at the bottom. The low point of consolidation is the closing key position, and the long position is used to stop the loss position. If it is successfully pulled up, it is held. If it is near the target high, and if it is broken down in the next round of consolidation, it is stopped and left. At the same time, it enters the market to short, and consolidation is in a relay form.

Pressure: 1.2990-1.3130

Support: 1.2860-1.2680

Long near 1.2870, stop loss 1.2850, target 1.2950.

International Gold

From the international gold 1-hour chart, the most important thing for gold at present is that the downward trend is not sustainable. If we really want to make a bottom, there will inevitably be another upward trend, and the low point will no longer fall. Yesterday's rally is the key, and the corresponding adjustments and further rallies will confirm whether to turn the trend.

Pressure: 1722-1748

Support: 1665-1620

Short near 1717, stop loss 1722, target 1707.

International Silver

From the international silver 1-hour chart, it can be seen that the recent decline and rapid pullback of silver have already broken through once. This time, the V-bottom has not yet reached a new low, and the situation may become more complex. For now, let's look at the consolidation of the recent high and low ranges, and do not pursue orders.

Pressure: 20.60-22.80

Support: 16.80-14.60

Short near 18.80, stop loss 19.00, target 18.40.

crude oil

From the 1-hour chart of WTI crude oil, it can be seen that the short-term rebound of crude oil continues, while the pressure level is based on yesterday's accelerated starting and falling point level, followed by the C-wave decline. The next few trading days will roughly be short long short to complete the entire adjustment pattern.

Pressure: 103.00-109.50

Support: 92.00-87.00

Long near 97.00, stop loss 96.50, target 98.00.