Da Xian speaking currency: 10.28 China-United States trade buttoned and encrypted market full-line red
The trade impasse between China and the United States turned around, with US Treasury Secretary Besent and China’s Deputy Prime Minister closing the door for two days in Kuala Lumpur, Malaysia, announcing a very substantive framework agreement, a moratorium on 100 per cent tariff increases for Chinese commodities, and China’s postponement of its rare-earth export restrictions and the imposition of a pause key to maintain friction for more than a year。
Following the news of the morning of 27, the mood of the global market quickly doubled, with a sharp rise in the bitcoin short line from $11,3470 to $11,6380 near the multiple monolithic point given in the last article of the Big One, an increase of nearly 3.85 per cent compared with the night of 27 days. The price of bitcoin at the time of writing was slightly lower, at $115,700, an increase of 2.8 per cent for nearly 24 hours, $4226 for the fare and about 6 per cent for nearly 24 hours。
THE STRONG REBOUND IN ENCRYPTED CURRENCY, IN ADDITION TO THE ALMOST TWO WEEKS OF NEW HEIGHTS, HAS TRIGGERED LARGE-SCALE EMPTY-LEVERAGE LIQUIDATIONS, WHICH, ACCORDING TO DATA, HAVE RESULTED IN A TOTAL OF $358 MILLION IN THE PAST 48 HOURS OF ENCRYPTED CURRENCY MARKETS. IN ADDITION, THE MARKET IS FOCUSING ON THE UPCOMING FOMC MEETING ON WEDNESDAY, WHICH IS WIDELY BELIEVED TO BE ANOTHER 0.25 PER CENT TO 4 PER CENT REDUCTION IN THE UNION ' S INTEREST RATE。
Bitcoin, four hours
As can be seen from the figure, the Fibonacci echo zone ranges from 102045 at the bottom to 126199 at the top. The current price has broken the critical watershed of 50 per cent (approximately 114127) and encountered significant resistance near 61.8 per cent (116972). Key support position 111272 (38.2 per cent turnback) is an important defensive area in case of short-line movements. If the line breaks, it will be possible to test 107746 (23.6 per cent of the switch). Key resistance position 116972(61.8 per cent) opens up the upper space if prices are steady enough to break the line and stand steady, and the target will be the 121230-126,000 area。
The Bryn Belt is currently in the form of a slightly upward opening, with the middle track (approximately 112,500) being stronger and the current price operating below the upper track (approximately 116,300). The close-to-track price indicates that the market has entered a short-term over-buying area and that short-line correction may occur if it fails to break the pressure on-track, retrofitting the middle track or near the middle of the bush for support. If the Bryn strip continues to open and is magnified with the turnover, the movement may be expected to break further off track and to form a wave of dynamic uptight structures that can be seen up to 120,000-121,000 regions。
THE DIF LINE OF THE CURRENT MACD INDICATOR OPERATES IN THE POSITIVE AREA AND REMAINS ABOVE THE DEA LINE, WHILE THE MACD RED COLUMN CHART, ALTHOUGH SLIGHTLY CONSTRICTED, MAINTAINS AN UPWARD TREND, INDICATING THAT MULTIPLE FORCES CONTINUE. IF THE MCD FAST AND SLOW LINE REMAINS HIGH IN GOLD FORK SHAPE, THE TREND IS STILL TOO HIGH TO BE SEEN AS A STEP IN THE UPWARD SPIRAL. HOWEVER, IF THE MACD COLUMN CHART CONTINUES TO SHRINK AND IS INVERTED, IT MAY REPRESENT A WEAKENING OF MULTIPLE KINETIC ENERGY, AND PRICES WILL BE SHORT-LINED OR REVERSED。
THE KDJ LINE 3 IS CURRENTLY LOCATED IN THE SUPER-BUYING AREA ABOVE 80, AND THE K AND J LINES HAVE SHOWN SIGNS OF PASSIVATION AT A HIGH LEVEL, SUGGESTING THAT THERE IS SOME PROFIT-MAKING PRESSURE IN THE SHORT-TERM MARKET. IF KDJ FORMS A DEAD END IN HIGH POSITION, SHORT-LINE PRICES MAY BE RAPIDLY REVERSED, SUPPORTING ATTENTION TO THE 112000-111,000 AREA BELOW; IF THE HIGH-LEVEL PASSIVATION OF THE INDICATOR IS FOLLOWED BY A RENEWED GOLDEN FORK, IT MAY REPRESENT A STRONG EXTENSION OF THE BEHAVIOR, AND PRICES ARE EXPECTED TO BREAK KEY RESISTANCE OF 116972。
IN COMBINATION WITH THE ANALYSIS, BITCOIN IS CURRENTLY AT A CRITICAL STAGE OF SHORT-TERM OVER-BUYING AND TRENDS OVERLINE. IF THE UPPER TARGET IS ABLE TO MAKE AN EFFECTIVE BREAKTHROUGH OF 116972, THE SHORT-TERM TARGET CAN BE SEEN TO 122,200, AND FURTHER STRENGTH IS EXPECTED TO TEST THE PRE 126,000 HEIGHTS. IF THE DOWNSIDE RISK IS BLOCKED, ATTENTION IS FOCUSED ON SUPPORTING 111200, AND IF IT FALLS, IT MAY LOOK BACK AT 107,700 OR 105,000. IN MORPHOLOGICAL TERMS, THE MOVEMENT AS A WHOLE IS IN THE MEDIUM-TERM UPPER BAND AFTER A REBOUND FROM THE BOTTOM, BUT DUE TO THE HIGH PRESSURE OF SHORT-LINE OVERPURCHASE, IT IS EXPECTED THAT A HIGH-LEVEL SHOCK OR SMALL BACKSLIDING MAY OCCUR OVER THE NEXT 1-3 TRADING DAYS, FOLLOWED BY A NEW ROUND OF OFFENSIVES IF THE MCD IS RE-IMPOSED AND KDJ'S SECOND GOLD FORK. BITCOIN ' S CURRENT DYNAMIC STRUCTURE IS HEALTHY AND THE TREND IS STILL STRONG, BUT THE SHORT LINE IS NEARING A STAGE OF RESISTANCE AND NEEDS TO GUARD AGAINST TECHNICAL RECALL. IF PRICES HOLD STEADY AT 112,000 AND THE ACCOMPANYING VOLUME RECOVERS, THE WAVE OF MULTIPLE MASTERS WILL CONTINUE; IF IT FALLS, THE SHORT- AND MEDIUM-TERM LINE WILL ENTER THE ADJUSTMENT CYCLE。
In the light of the above, the fairies give the following suggestions for information:
Bitcoin retrogressed 11,4120-112740 block in small quantities, target 11,6972, and could continue to look at the vicinity of 12,130。
I'll give you a 100% advice, and I'll give you the right idea and the right trend