The price will still drop significantly! 20250402

CN
22 hours ago

Good evening, brothers!

The lush green trees are becoming more abundant,

The appearance of spring, though it comes year after year, is renewed every year,

Always bringing joy to the wildness under the spring light.

From the blooming flowers on each tree to facing the sea,

From the two orioles singing among the green willows to the clear April rain suddenly brightening,

From the thousand miles of warblers chirping with green reflecting red to the spring river's water as green as blue,

The colors of spring are like poetry, each frame is a brand new surprise.

I just took the little one to the nearby park for a stroll,

Saw a few wild cats playing freely in the green grass,

The feeling of being carefree is truly wonderful.

……

Under the pressure of stagflation, even if the economy and stock market weaken, it may be difficult for the central banks of the US and Japan to relax monetary policy.

On April 1, Nomura analyst Tomoaki Shishido's team stated in a research report that, given the stagflation risks faced by Japan and the US, the Federal Reserve is expected to remain reluctant to cut interest rates, while the Bank of Japan will stick to its plan to continue raising interest rates.

The US core Personal Consumption Expenditures (PCE) price index for March exceeded expectations, intensifying market concerns about stagflation in the US. Nomura believes that although US stocks have recently corrected due to tariff clouds, this is more like a short-term adjustment and will not lead to a significant economic slowdown.

BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains strong.

On the daily level, the price continues to fluctuate near the moving averages.

In summary, the support level is 84900, and the resistance level is 85200.

ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level of 1870 and a resistance level of 1890.

LTC: The price continues to stay below the lower band of the Bollinger Bands, and the price trend is weak, with a support level of 81 and a resistance level of 84.

BCH: The price continues to fluctuate near the middle band of the Bollinger Bands, with a support level of 290 and a resistance level of 320.

That's all for now, good night!

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