EUR/USD 1.17066
-0.338%
Gold 4327.34
0.580%
Oil 55.913
1.586%
USD/JPY 155.380
0.434%
GBP/USD 1.33726
-0.347%
GBP/JPY 207.789
0.092%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Toshihiro Nagahama, a private member of the Council on Economic and Fiscal Policy, said: If the Bank of Japan raises interest rates this week, it may be to combat the weakness of the yen, as a weaker yen would undermine the effectiveness of government measures to mitigate the impact of rising living costs.Toshihiro Nagahama, a private member of the Council on Economic and Fiscal Policy, Japan: The Bank of Japans monetary policy seems to be heavily influenced by foreign exchange trends.December 17th - CFM Flash Memory Market predicts that mobile/PC NAND prices will rise by 25% to 30% in Q1 of next year, while mobile/PC DRAM prices will rise by 30% to 35%. This price increase for mobile phones, tablets, and PCs may only be the beginning. As the cost of memory chips is passed on to finished products next year, more brands and end-product manufacturers are expected to follow suit with price hikes.The UKs November CPI and Retail Price Index will be released in ten minutes.December 17th - According to the Zhanjiang Maritime Safety Administration, with the border closure approaching, passenger and freight traffic across the Qiongzhou Strait is experiencing a "pre-heating" increase. Data shows that in early December this year, the number of passenger and vehicle ferries departing across the Qiongzhou Strait increased by 9%, 23%, and 18% respectively compared to early November, with new energy vehicle traffic increasing by 27%. It is predicted that during the 2026 Spring Festival travel season, the Qiongzhou Strait will see 4.97 million passengers and 1.16 million vehicles, a significant increase compared to previous years. Meanwhile, the proportion of new energy vehicles in ferry traffic continues to climb, expected to reach 28% during the 2026 Spring Festival travel season, with a daily ferry volume of 6,200 vehicles, a year-on-year increase of 100%.

Bitcoin Breaks Through Support

Cory Russell

Feb 10, 2023 15:06

微信截图_20230210111417.png

Investing Method for Bitcoin

Today, Bitcoin's support level was breached, allowing for a drop in price. The 20-day exponential moving average is located precisely around $22,500, which was the lost support level that might now turn into resistance. All of the traders who followed our advice to buy at $20,700 ought to have gotten an email four days ago requesting that stops be raised to $22,200; instead, they were all stopped today.


In the next weeks, I believe the market will move lower and provide us with another favorable chance to join from the long side. I feel comfortable about closing out our long position at the price we did.


Bitcoin might drop below existing support levels of $20,000 and $18,000. I believe a retest of $20,000 is probably certain; it is also the level of Bitcoin's 50-day moving average and many historically notable market peaks. This level has been the bottom for over three months, and I wouldn't be shocked if it is broken in the current decline. In that event, $18,000 will likely be challenged as support since it approximately corresponds to Bitcoin's long-term 78% retracement. If BTC breaches both of the aforementioned support levels, the last level of support stands in for BTC's two-year low of $16,000.


Suggestion