• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian President Zelensky visits the Dnipro region.On April 2, Emma Technology announced that it expects to achieve a net profit of approximately RMB 605 million attributable to shareholders of the listed company in the first quarter of 2025, an increase of RMB 121 million and a year-on-year increase of 25.12%. The performance growth is mainly due to the companys continued focus on the research and development and manufacturing of electric two-wheelers and three-wheelers, promoting the optimization and upgrading of product structure through technological innovation and precise product development, while deepening channel network coverage and supply chain synergy efficiency, and achieving a further increase in the proportion of high value-added models.On April 2, Hengshuai shares announced that its operating income in 2024 will be 962 million yuan, a year-on-year increase of 4.21%. Net profit attributable to shareholders of listed companies will be 214 million yuan, a year-on-year increase of 5.75%. Basic earnings per share will be 2.67 yuan/share, a year-on-year increase of 5.53%. The company plans to pay a cash dividend of 4 yuan (including tax) for every 10 shares to all shareholders, and send 0 bonus shares (including tax), and transfer 4 shares for every 10 shares to all shareholders from the capital reserve fund.On April 2, Qualcomm announced the official fourth-generation Snapdragon 8sGen4 mobile processor. The new processor is mainly used in mid-range mobile phone models. Many mobile phone OEM manufacturers such as REDMI, iQOO, Xiaomi, OPPO and Meizu will release new products equipped with the fourth-generation Snapdragon 8s in the next few months. According to official introduction, the Snapdragon 8sGen4 processor chip mainly uses TSMCs 4nm process technology. The Kryo CPU performance is 31% higher than the previous generation, the Qualcomm Andreno GPU performance is 49% higher, and the GPU energy efficiency is 39% higher.OECD: Recommends that Israel increase taxes to improve its fiscal situation and carry out structural reforms to promote economic growth.

According to Coinbase, Bitcoin is trading near the day's lows at roughly $45,700

Drake Hampton

Apr 01, 2022 09:53

Technical Analysis of Bitcoin 

Bitcoin's most active contract month (April BTCJ2022) is trading near $45,845 on the CME's futures market. Some analysts are expecting the gap on the CME futures chart that formed between last Friday and Monday to be filled.

 

With the BTC on the CME only minutes away from a 1-hour break before re-opening on Globex, it appears like the weekend gap ($45,395 – $46,565) will be close to being eliminated, but will not be totally backfilled as of today.

 

image.png 

 

Another distinguishing feature of the CME chart over Spot charts is the presence of the 200-day simple moving average (red line). This long-term moving average is located at $48,300 in the spot market and effectively signals current resistance. While the 200-day moving average (M.A.) on the CME futures chart had been resistance since the beginning of 2022, it was breached on Monday when the price gap was developed.

 

The 200-day moving average in CME futures is $45,880, and while the market slipped below this average intra-day, as the day's trading comes to a close, this average may become support since prices are just around $100 below this long-term technical indicator.

 

Back in the spot markets, we can observe that the last two days correspond to a relatively shallow correction after the run that began in the middle of March and put BTC above $48,000.

 

image.png 

 

Looking at the charts above, we can see that the commencement of the retracement is based on two independent data sets. The 23 percent retracement level from the last 16 days (in blue) and the last 35 days (in purple) both imply that the 23 percent level is significant and stays active as either support or resistance.

 

This level is often considered as the bare minimum for classifying a price decrease as a retracement. As a result, Bitcoin closing above this level bodes favorably for bulls and indicates that there is likely more upside to come.

Bitcon Price Prediction

The last two days have done little damage to the chart, and our target for the conclusion, which might reach as high as $53,000, remains in our current model. Traders who have been taking our calls took profits on half of their positions yesterday at $48,000 and continue to be long the other half of their positions at $43,000. Protective stops should be ignored; prices came within $16 of stopping us out with a profit (on the remaining half), with lows of $45,516.