Bull market continuation! 20241021

CN
9 hours ago

Good evening, brothers!

Recently, while working, I have been seriously reading extracurricular books and engaging in market trading,

From the Compendium of Materia Medica to the regrets of history,

Sometimes heroes are made by circumstances,

And it is also an era where life is as insignificant as grass…

Do not think that being small means having no power;

Do not think that being humble means having no dignity.

The only difference between the strong and the weak

Is whether the belief is steadfast.

History is about people,

And people have always been making mistakes and reflecting,

Being human is complex and contradictory.

Learning without thinking leads to confusion,

Thinking without learning leads to danger,

Haha, I am always making progress!

Why do I particularly enjoy reading history?

Because history can teach us many things that cannot be learned in reality,

The more I read,

The more resolute my heart becomes, haha.

……

In October, the LPR was lowered by 25 basis points, marking the implementation of incremental financial policies within less than a month. On September 24, at a press conference held by the State Council Information Office, Governor Pan Gongsheng announced three financial policies: first, to lower the reserve requirement ratio and policy interest rates; second, to lower existing mortgage rates and unify the minimum down payment ratio for mortgages; third, to create new monetary policy tools to support the stable development of the stock market. With the LPR rate cut by 25 basis points in October, all incremental financial policies announced in September have been implemented. Within a month, from announcement to implementation, it is evident how urgent the current policy side is.

BTC: On the 4-hour level, the price has broken below the middle band of the Bollinger Bands, indicating a weak price trend.

On the daily level, the price has broken below the moving average support, indicating a weak price trend.

In summary, the support level is 68,000, and the resistance level is 68,500.

ETH: On the 4-hour level, the price has broken above the upper band of the Bollinger Bands, remaining in a healthy range, with a support level of 2,690 and a resistance level of 2,720.

LTC: The price has broken below the middle band of the Bollinger Bands, indicating a weak price trend, with a support level of 71 and a resistance level of 74.

BCH: The price continues to stay above the middle band of the Bollinger Bands, indicating a healthy price trend, with a support level of 360 and a resistance level of 380.

That's all for now, good night!

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