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The Political Bureau of the CPC Central Committee stated that after five years of continuous efforts, the main goals and tasks of the 14th Five-Year Plan have been successfully completed, my countrys economic strength, scientific and technological strength, and overall national strength have reached new heights, Chinas modernization has taken new and solid steps, and the new journey toward the second centenary goal has achieved a good start.February 27 – The Political Bureau of the CPC Central Committee held a meeting on February 27. The meeting pointed out that it is necessary to accelerate the construction of a new development pattern, focus on promoting high-quality development, adhere to the general principle of seeking progress while maintaining stability, coordinate the domestic and international situations, better coordinate development and security, implement more proactive and effective macro policies, enhance the foresight, pertinence and synergy of policies, continuously expand domestic demand and optimize supply, optimize incremental growth and revitalize existing assets, develop new productive forces according to local conditions, deepen the construction of a unified national market, continuously prevent and resolve risks in key areas, focus on stabilizing employment, enterprises, markets and expectations, promote the effective improvement of economic quality and reasonable growth in quantity, maintain social harmony and stability, and achieve a good start to the 15th Five-Year Plan.February 27 – The Political Bureau of the CPC Central Committee held a meeting on February 27, emphasizing the need to continue implementing a more proactive fiscal policy and a moderately loose monetary policy, and to strengthen the coordination between reform measures and macroeconomic policies. The meeting stressed the importance of building a strong domestic market, accelerating the cultivation and expansion of new growth drivers, and speeding up high-level scientific and technological self-reliance. It also called for continuously deepening reforms in key areas, further expanding high-level opening-up, solidly promoting the comprehensive revitalization of rural areas, and advancing new urbanization and coordinated regional development. Furthermore, the meeting stressed the need to further guarantee and improve peoples livelihoods, accelerate the comprehensive green transformation, and strengthen risk prevention and mitigation and security capacity building in key areas. Finally, the meeting emphasized the need to strengthen government self-construction and firmly establish and practice a correct view of performance.Kazakhstans oil production is estimated at 99 million tons in 2025.February 27th, Futures News: Economies.com analysts latest view: Spot gold prices continue to fluctuate narrowly within the latest intraday level, clearly attempting to accumulate upward momentum to pave the way for further gains. The current price is relying on a key dynamic support level, namely stabilizing above the 50-day EMA, which further solidifies the stability of the short-term bullish trend.

Bitcoin Completes Consolidation in a Triangle

Jimmy Khan

Oct 19, 2022 15:56

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At the time of writing, the price of bitcoin is $19,550, up 1.4% over the previous day. The day before, U.S. stock indexes had taken a significant jump forward, and by the opening of European trade, index futures were consolidating their gains. The demand for crypto assets is supported by a strong stock market background, although overall changes are exceptionally muted.


Since June, the price of bitcoin has moved at the right angle to a triangle formed by a descending resistance line, a horizontal support of $18,800, and a rising support line. Usually, a rise in volatility on the way outside the range solves this problem.


Not sooner than the break of the prior highs at $20.4K or the failure beneath $18K, with the second variation having a higher likelihood, should be watched for confirmation of the break of the long-term consolidation. However, it should be noted that the BTCUSD downturn has lasted about a year, wiping off more than 70% of the high price and making long-term purchasers more interested.


After a modest outflow the week before, CoinShares reports that investments in cryptocurrency funds somewhat increased last week. Total money coming in was $12 million. Investments in Bitcoin rose by $9 million, while those in Ethereum fell by $4 million. $7 million more was invested in funds that support bitcoin shorting. Investor apathy persists; according to CoinShares, flows over the previous five weeks have barely topped 0.05% of assets managed.

News context

The connection between Bitcoin and conventional risk assets may be severed. According to LookIntoBitcoin, this may occur as a result of investors realizing that governments and fiat currencies provide the majority of hazards. According to prior cycles of investor capitulation, the time is right now for tactical BTC purchases.


Rich investors still prefer to invest in digital assets, according to GlobalData's global poll of asset managers. Additionally, they are ready to assume the greatest amount of risk since cryptocurrencies only make up 1.4% of their portfolios.


The local authorities have granted French investment bank Société Générale's subsidiary authorization to store, purchase, trade, and exchange bitcoins.


A new Coincub research claims that in the third quarter of 2022, Germany overtook Switzerland, Australia, the United Arab Emirates, and Singapore to claim the title of nation most conducive to operating a cryptocurrency company. Due to its unfavorable tax laws and hazy crypto regulation, the US dropped from first to seventh rank.