• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Dow Jones Industrial Average closed at 41,964.63 on Wednesday, March 19, up 383.32 points, or 0.92%. The S&P 500 closed at 5,675.29 on Wednesday, March 19, up 60.63 points, or 1.08%. The Nasdaq Composite closed at 17,750.79 on Wednesday, March 19, up 246.67 points, or 1.41%.The United States net international capital inflow in January was -48.8 billion U.S. dollars, and the previous value was revised from 87.1 billion U.S. dollars to 103.2 billion U.S. dollars.Foreign investors net bought US$13.3 billion of U.S. Treasuries in January, compared with US$49.7 billion in the previous month.The U.S. net long-term capital inflow in January was -45.2 billion U.S. dollars, and the previous value was revised from 72 billion U.S. dollars to 75 billion U.S. dollars.On March 20, the U.S. dollar gave up some of its gains against the euro as the Federal Reserve kept interest rates unchanged as expected, still hinting at a cumulative rate cut of 50 basis points this year. Powell said that the current uncertainty is "exceptionally high", and he described the challenges faced by central bank officials in making new forecasts for the economic outlook amid a wave of new policy initiatives from the Trump administration. "By all accounts, the dollar has been pretty calm," said Helen Given, head of trading at Monex USA. "I think it has to do with the fact that no one really wants to be caught on the wrong side of any trade. I think were probably going to be hovering around where we are now until we get some firm first quarter GDP data... Its going to be a very important question for traders whether the economic weakness that everyone is worried about has fully become a reality."

BTC Eyes Sub-$19,000 with ETH Facing a Fall to Sub-$1,450

Cory Russell

Sep 06, 2022 16:03

微信截图_20220906112122.png


Bitcoin (BTC) increased by 0.85% on Sunday. BTC gained 2.21% to reach $20,03 at the close of the week, reversing a Saturday decline of 0.68%. BTC rebounded from a low of $19,589 to a high of $20,039 in the last hour before easing down.


Ethereum (ETH), which had lost 1.14% on Saturday, gained 1.35% on Sunday to close the week up 10.73% at $1,579.


Following the general market, ETH dropped to a low of $1,541 before reaching a high of $1,584 in the last hour. Investor anticipation of the impending Merge offered assistance, while Fed apprehension maintained ETH below $1,600.


Despite the US markets being closed for Labor Day, investor caution dominated the cryptocurrency market going into the Monday session. Investors in cryptocurrencies are in the dark about the Fed's rate rise in September.


Although the US job market statistics from last week were worse than anticipated, inflation is still much higher than the Fed's target, which signals front-loading for the rest of the year. After Friday's statistics, former Fed Chair and US Treasury Secretary Janet Yellen emphasized the Fed's obligations. The remarks made by Yellen are still relevant.

Bitcoin Price Action (BTC)

BTC was worth $19,746 at the time of writing, a decline of 1.28%. BTC saw a negative morning, dropping from a high of $20,060 to a low of $19,637.


At $19,715, BTC momentarily breached the First Major Support Level (R1).

Technical Significance

In order to support a run at the First Major Resistance Level (R1) at $20,165, BTC must cross the pivot point at $19,877. To break beyond the morning high of $20,060, BTC requires support from a larger portion of the market.


BTC would challenge the Second Major Resistance Level (R2) at $20,327 and resistance at $20,500 during a prolonged crypto rise. At $20,777, the Third Major Resistance Level (R3) is located.


If the pivot is not moved through, the First Major Support Level (S1) at $19,715 remains in play. In the absence of a prolonged sell-off, BTC should stay above $19,000. The decline should be constrained by the Second Major Support Level at $19,427.