Good evening, brothers!
【The trading congestion indicates that the ChiNext is a bit expensive】
After the market experienced a significant drop on Thursday, it rebounded strongly on Friday, giving many people a sigh of relief regarding their positions.
With the strong performance of the market yesterday, the trading congestion for the Shanghai Composite Index is 51, the Shenzhen Composite Index is 60, and the ChiNext is 67. The ChiNext is overall relatively expensive, but not excessively so.
Currently, positions are within half, reducing positions to take profits on the rise, and replenishing positions on the decline, always making money from the market.
……
On Friday, U.S. President Trump signed an executive order announcing the exemption of various metals such as gold, tungsten, uranium, and graphite from its global tariff system, while including silicon products in the tax list.
According to CCTV News, on September 5 local time, the White House stated that President Trump signed an executive order to adjust the scope of import tariffs and implement a trade and security framework agreement with foreign trading partners.
The new policy will officially take effect next Monday. According to media reports, this tariff adjustment covers goods in several key areas. In addition to the aforementioned metals, aircraft parts, generic drugs, and products like coffee and special spices that cannot be grown or produced in the U.S. are also expected to receive tariff reductions.
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 continues to stay near the average, showing a general price trend.
In summary, the support level is 110700, and the resistance level is 111000.
ETH: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 4280 and a resistance level of 4310.
LTC: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 110 and a resistance level of 113.
BCH: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 580 and a resistance level of 610.
That's all for now, good night!
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