Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment road, it is more important to do well than to prove one's strength to others. Whether it's a donkey or a horse, you'll know once you take it out for a walk.
As a senior figure in the cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people will take fewer detours and make fewer mistakes in this market. Although I advise earnestly, the path of investment still needs to be explored by oneself, and learning is endless. The experience gained from learning is the real wealth!
Here, I wish my fans to achieve financial freedom in 2024. Let's cheer together!
US stock market news:
On April 2, local time, the Federal Reserve's Daly stated that there is no urgency to adjust interest rates; the decision made by the FOMC in March was a very good decision; the length of time to keep interest rates at the current level needs to be considered; maintaining the current policy is the right decision at the moment; three interest rate cuts in 2024 is a reasonable baseline prediction; if inflation is more stubborn, it may be hoped to reduce interest rate cuts; the economy and monetary policy are in good shape; the economy is still very robust, and the process of inflation falling is bumpy.
The Federal Reserve's Mester stated that no predictions will be made about the meeting, and the possibility of an interest rate cut in June is not ruled out; it is expected that there will be three interest rate cuts this year; it is important to closely monitor the two missions of the Federal Reserve in 2024.
Cryptocurrency academician: Analysis and reference suggestions for the latest market of Ethereum (ETH) on April 3, 2024
Last night, the US market opened with a gap down at 9:30 PM, which can be described as deliberately treacherous, similar to the expectations of Ethereum. The overall trend is mainly bearish, breaking through the support points below. The first support is at 3300, the second support is at 3200, and if broken, it will be the two major bull-bear thresholds of 3150 and 3050. As long as there is no stampede, there is still hope for a turnaround. Obviously, after the main force retraced to the 2200 support, a long-absent one-way upward trend may appear today, which can be seized.
As of the time of writing, the current price of Ethereum is at the integer threshold of 3300. From the lowest point of 3200 at the opening at 8 AM to 3300 before the article was written, there has been a 100-point upward movement. Yesterday's candlestick broke through the EMA60 (3265) and returned to 3300. After today's candlestick fell below the EMA60, it returned to 3300. There is still a considerable space above to the EMA15 pressure point (3480). Currently, the trend in the market shows a sideways trend, with decreasing volume in the MACD, DIF falling into the 0 axis and forming a divergence with DEA, KDJ spreading downward, and the Bollinger Bands narrowing. The candlestick stands at the lower support of 3200, showing a trend of stopping the decline (sideways trend).
In the ultra-short trend of four hours, it is very obvious that the diving indicator of the EMA trend has ended, and the alternating downward trend of EMA has also ended. Therefore, we can draw a conclusion that the layout point for long positions at 3200 has appeared in the short term. The upper thresholds to pay attention to are 3380 and 3500. There is another wave of profit space for long positions. After the Bollinger Bands opened, the candlesticks continuously stood at the lower band of 3200, and the middle band pressure point is also at 3480. In addition, with the increasing volume in the MACD, DIF and DEA have started to stop falling, increasing the possibility of a rebound, and the trend is starting to rise. KDJ has formed a golden cross (trend reversal from bearish to bullish).
Specific strategy reference: The first entry point for long positions is 3270, the second entry point is 3220, and the stop-loss point for long positions is 3190 (slightly below the 3200 threshold to prevent being swept). Currently, the trend has turned bullish, and short strategies are not provided for the time being to prevent being trapped (for aggressive traders who chase short positions, remember to set a good stop-loss to develop a good habit and avoid missing opportunities). The upper thresholds to pay attention to are 3380 as the first resistance level and 3500 as the second resistance level. Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay and is recommended for reference only. Please bear the risks responsibly.
This article is exclusively provided by the cryptocurrency academician and represents the academician's exclusive viewpoint. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Reprinting requires attribution. Please control your positions reasonably when trading, and avoid heavy or full positions. The academician also hopes that investors understand that the market is always right. If you are wrong, you should summarize your own problems, and do not let the potential profits slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. Wait until the trend becomes clear before taking action. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the moments of carelessness. Develop the strict habit of setting stop-loss and take-profit for each trade. The cryptocurrency academician wishes you a pleasant investment!
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