The market is generally rising! 20241224

CN
1 year ago

Good evening, brothers!

At the end of 2024,

A little reflection and organization,

Various thoughts in my heart become images in my mind,

Thus becoming a commemoration of "the moment is eternal."

Perhaps it’s just another year that passes by unnoticed,

Or perhaps it’s a bit of accumulation and reflection in our daily lives.

This is also our outlook as we grow older:

Freedom, then aging, with a bit of a bad temper.

I let go of old matters,

And next year, I will still welcome the blooming flowers.

The small city and small matters of 2024 all fall into the little daily life of rice, oil, and salt…

Today is my birthday,

I make a wish for myself,

It can also be seen as a requirement for myself,

That is, to make myself happy and joyful every day in the future,

May time continue to treat me gently.

……

The true opposite of gold is not Trump, but Musk, or rather the AI trend represented by Musk—enhancing total factor productivity through technology, leading the long-term development of the United States.

"Order is born on the edge of chaos" — Prigogine

Recently, the price of gold has experienced significant fluctuations, once approaching a high of $2800/ounce. After reaching the peak, the price began to decline, dropping to around $2567/ounce after the election, and has recently rebounded, rising to $2600-$2700/ounce.

As a special asset, gold does not generate interest, so the method of buying and holding is only suitable for long-term allocation, not for price speculation. Historically, the characteristics of gold prices are rapid short-term increases, long-term sideways movement, or slow declines. This asymmetry of rapid rises and slow declines in price is related to the fact that holding gold does not yield interest.

BTC: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend.

On the daily level, the price is still suppressed by the moving averages, showing a weak price trend.

In summary, the support level is 94000, and the resistance level is 94600.

ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, showing a healthy price trend, with a support level of 3390 and a resistance level of 3430.

LTC: The price continues to stay near the upper band of the Bollinger Bands, showing a strong price trend, with a short-term rebound as the main trend, a support level of 100, and a resistance level of 130.

BCH: The price remains above the middle band of the Bollinger Bands, showing a healthy price trend, with a support level of 450 and a resistance level of 470.

That's all for now, good night!

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