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Libyas National Oil Corporation said oil production in the past 24 hours was 1.3 million barrels per day.SpaceX: The fifth flight test of Starship will be carried out, and the current estimated launch time is 7:25 am Central Time. Propellant filling is in progress.Market News: US President Biden is expected to travel to Germany next Friday.On October 13, the reporter learned that the number of new accounts and financing scale in the market has increased significantly recently. In order to promote the long-term healthy and stable development of the capital market, the regulatory authorities have issued the latest notice to all securities companies, requiring them to effectively protect the legitimate rights and interests of the majority of small and medium-sized investors and provide good services to investors who have opened new accounts. The reporter noted that the content of the notice involves requirements including strict implementation of appropriateness management, strengthening risk disclosure, standardizing marketing and promotion behaviors, continuing to provide good investor services, and strengthening compliance and risk control management. In addition, the reporter also observed that since the beginning of this year, the regulatory authorities have continued to strengthen their supervision in the field of new account opening, and the fines issued are more focused on violations such as entrusting others to solicit customers and providing customers with answers to account opening tests.On October 13, Metas Chief Technology Officer Andrew Bosworth confirmed to The Verge that the company had canceled a high-end headset scheduled to be released in 2027 and was developing another ultra-lightweight headset.

BTC Bulls Target $21,000 as ETH Breaks Down Resistance at $1,500

Skylar Shaw

Oct 27, 2022 16:22

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Bitcoin (BTC) increased by 3.95% on Tuesday. BTC finished the day at $20,104, reversing a loss of 1.25% from the previous day. Notably, BTC avoided falling below $19,000 for a fourth session and ended the day around $20,000 for the first time since October 5.


BTC dropped to a low of $19,251 late in the morning after a negative morning. However, BTC soared to a late-afternoon high of $20,432 after avoiding the First Major Support Level (S1) at $19,138. The Major Resistance Levels were breached by BTC. BTC, however, breached the Third Major Resistance Level (R3) at $20,258 due to a late retreat.


On Tuesday, Ethereum (ETH) increased by 8.63%. ETH finished the day at $1,460, reversing a loss of 1.47% from the previous day. Notably, ETH made its first appearance at $1,500 since the middle of September.


Following a volatile morning, ETH dropped to an early low of $1,335. ETH surged to a high of $1,525 in the late afternoon, avoiding the First Major Support Level (S1) at $1,322. The day's Major Resistance Levels were overcome by ETH. Late in the day, support came from the Third Major Resistance Level (R3) at $1,440.


A less hawkish Fed policy decision in December was predicted on Tuesday thanks to US economic figures. A Wall Street Journal article and FOMC member Mary Daly discussed the Fed taking its foot off the throttle last Friday.


Economic figures this week have shown the impact of Fed policies on the economy. The services sector contracted more sharply in October's preliminary private sector PMIs, and consumer confidence also suffered.


The housing sector was also impacted by the increase in mortgage rates, with a noticeable slowdown in home price increases.


There are no relevant statistics at this time for the markets to evaluate. Although FOMC members are prohibited from speaking publicly until November 3, they are unable to alter the narrative, which supports the optimistic morning session.


The FedWatch Tool estimated the likelihood of rate increases in November and December to be 95.1% and 47.9%, respectively, as of this morning. The chance of a 75-basis point increase in December was 77.0% a week ago.


Elon Musk's intentions to complete the purchase of Twitter (TWTR) and rumors that CFTC Chairman Rostin Behnam may classify BTC and ETH as commodities are two more factors influencing the surge.

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