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On July 3, social media reported that Pop Mart bought the building at 149-151 Oxford Street in London through a Singapore company for 63 million pounds. In this regard, an insider of Pop Mart said: "Fake news."According to Nikkei: Samsung has delayed the completion of its US chip factory due to lack of customers.German Chancellor Merz: The trade deadlock with the United States should be resolved as soon as possible. A quick and simple solution is better than one that lasts for months.On July 3, Tianyancha App showed that the patent for "battery pack case, battery pack and electrical equipment" applied by Xiaomi Automobile Technology Co., Ltd. was recently announced. The abstract shows that the present disclosure relates to a battery pack case, a battery pack and electrical equipment. A storage space is provided in the battery pack case, and the storage space is used to accommodate multiple battery cells; a plurality of independent first gas channels are provided in the battery pack case, so that the battery cells of the multiple battery cells are suitable for communicating with the outside of the battery pack through separate first gas channels. In this way, it can be ensured that the first gas channel for thermal management of each battery cell unit is separate. Therefore, when a single battery cell unit has a thermal runaway problem, since the single battery cell unit corresponds to an independent first gas channel, it will not affect the operation of other battery cells, avoid the spread of thermal runaway, and thus avoid the aggravation of thermal runaway of the battery pack.German Chancellor Merz: There are legitimate doubts about whether the relationship with the United States can continue to be as close as before. Now is a critical moment for Europe to take action.

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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