Sold out! 20241208

CN
14 days ago

Good evening, brothers!

For those with an optimistic outlook,

what they see is still a vast sky and ocean,

in the chilly December,

the morning light still fights through the clouds and mist to create a bit of brightness.

Today, the sunlight outside took a temporary break,

but being together as a family still feels warm.

My father-in-law came over to visit yesterday,

and the conversation was quite pleasant.

Mr. Nan Huai-jin once said: “Buddhism is the heart, Taoism is the bones, Confucianism is the surface, and with a broad mind, one views the world; skills in hand, abilities in body, thoughts in mind, one lives life with ease. Three thousand years of reading history is nothing but fame and fortune; ninety thousand miles of understanding the Dao ultimately leads to poetry, wine, and the countryside.” Life is nothing but fame and fortune, but in the end, it is all about poetry, wine, and tea, just a process to ultimately find the joy of living.

……

Morgan Stanley's latest report released on December 6 pointed out that the time to short the dollar has come.

The bank believes that the positive factors for the dollar have been fully priced in, while the market's generally bullish consensus on the dollar suggests that "painful trades" may be imminent.

The bank's analysis indicates that there are three main reasons to short the dollar: first, although the U.S. economy is performing strongly, these positive factors have been fully priced in by the market; second, the market may have overreacted to the impacts of changes in trade policy; and finally, the market's expectations for Fed rate cuts are overly conservative, while expectations for rate cuts from overseas central banks may be too high.

Additionally, several important events in December may have a substantial impact on the dollar's movement.

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 continues to stay above the moving average support, and the price trend remains healthy.

In summary, the support level is 99100, and the resistance level is 99600.

ETH: On the 4-hour level, the price continues to oscillate near the middle band of the Bollinger Bands, with a support level of 3950 and a resistance level of 3980.

LTC: The price continues to stay below the middle band of the Bollinger Bands, indicating a weak price trend, with a support level of 110 and a resistance level of 150.

BCH: The price continues to oscillate near the middle band of the Bollinger Bands, with a support level of 600 and a resistance level of 630.

That's all for now, good night!

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