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The UKs seasonally adjusted retail sales figures for March will be released in ten minutes.Japans Ministry of Economy, Trade and Industry: Due to the Iranian crisis, Japan will release 5.8 million kiloliters of national oil reserves, with the release of some reserves beginning on May 1.Hong Kong-listed stocks related to large-scale modeling extended their losses in the afternoon, with Zhipu (02513.HK) falling over 9% and MiniMax (00100.HK) dropping 5.77%, following the official launch and open-sourcing of the preview version of DeepSeek-V4.April 24th, Futures News: Economies.com analysts latest view: WTI crude oil futures continued their upward trend in recent intraday trading, successfully breaking through the $95.00 resistance level, demonstrating positive technical momentum and reflecting strong buying pressure and continued bullish dominance. This move, accompanied by further price climbing along a steep short-term uptrend line, highlights the strength and continuation of the current trend in the short term. Furthermore, the price stabilizing above the 50-day EMA provides dynamic support and increases the likelihood of further gains. This aligns with the continued positive signals from the Relative Strength Index (RSI) after its overbought condition eased, further supporting the expectation of continued upward movement in WTI crude oil futures in the short term.April 24th, Futures News: Economies.com analysts latest view: The pullback in Brent crude oil futures is mainly a consolidation of previous gains, accumulating bullish momentum for the future, which may help it resume its upward trend in the near term. Previously, Brent crude oil futures had broken through the key resistance level of $100.00, and as the price has continued to trade above the 50-day EMA, dynamic support has formed, further enhancing the possibility of resuming the upward trend in the short term. Of particular note is that the Relative Strength Index (RSI), after digesting overbought conditions, has begun to release positive signals, providing technical support for further gains.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.