Market downturn! 20241005

CN
4 hours ago

Good evening, brothers!

I've been having a blast these days, visiting relatives and friends. It's really enjoyable.

Meeting people in person is essential for building relationships. Playing also comes with its own challenges, and there can be joy in work as well.

As one reaches middle age, there's a better understanding of selection and choice, a clearer grasp of simplicity, and a deeper appreciation for the value of time. It's important to focus energy on valuable people and oneself.

……

Due to the non-farm payroll data in September exceeding expectations, signaling a greater likelihood of an economic "soft landing," market expectations for interest rate cuts this year have significantly diminished.

Data released overnight showed that the U.S. non-farm payrolls increased by 254,000 in September, far exceeding expectations, and the unemployment rate fell to 4.1% for the first time in nearly a year, also below expectations.

Following the data release, traders canceled bets on a 50 basis point rate cut in November, with expectations for the Federal Reserve's next four meetings now below 100 basis points; Bank of America and JPMorgan also revised their expectations for the Fed's November rate cut from 50 basis points down to 25 basis points.

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

On the daily chart, the price continues to oscillate near the moving averages, and the trend is average.

In summary, the support level is 62,000, and the resistance level is 62,400.

ETH: On the 4-hour chart, the price continues to stay above the middle band of the Bollinger Bands, and the trend remains healthy, with a support level of 2,400 and a resistance level of 2,440.

LTC: The price continues to stay near the upper band of the Bollinger Bands, and the trend remains strong, with a support level of 64 and a resistance level of 67.

BCH: The price continues to stay above the middle band of the Bollinger Bands, and the trend remains healthy, with a support level of 310 and a resistance level of 340.

That's all for now, good night!

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
Download

X

Telegram

Facebook

Reddit

CopyLink