Good evening, brothers!
【Bank stocks have made another swing!】
Today, the market did not follow the external market's correction and instead had a nice rebound, solidifying the foundation for our "good start" in market trading in August.
I made another swing with the bank ETF.
Some people may look down on a one or two-point swing, mocking, "You run for such a small profit?"
Yes, that's how my trading system works, because I not only hold bank ETFs but also hold the CSI 300 and 18 other ETFs.
In market trading, making money is the most important!
……
The expectation of a Federal Reserve interest rate cut has significantly increased due to non-farm data, but the actual decline of the dollar has been less than expected. Nevertheless, the three major investment banks on Wall Street are collectively bearish on the dollar, believing its valuation is too high and the fundamentals are weak.
According to news from the Wind Trading Desk, Citigroup, Goldman Sachs, and Morgan Stanley recently published research reports, stating that from a multi-dimensional analysis of valuation, trade deficits, and interest rate spreads, the long-term logic for the dollar's decline still holds, and there is still significant shorting space for dollar positions. After last week's non-farm data, the dollar's downward momentum was suppressed due to the pressure on risk currencies and the weakness of certain currencies, and it did not fully release immediately.
Looking ahead, the three major investment banks are unanimously bearish on the dollar. Citigroup believes that the current valuation of the euro/dollar is still below fair value and has the potential to overshoot to 1.20; Goldman Sachs points out that the actual trade-weighted exchange rate of the dollar is still 15% higher than its long-term average; Morgan Stanley emphasizes that changes in the Federal Reserve leadership and other policy uncertainties also add downward pressure on the dollar.
BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, showing a strong price trend.
On the daily level, the price is constrained by multiple moving averages, and the price trend remains average.
In summary, the support level is 114,500, and the resistance level is 115,000.
ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, showing a strong price trend, with a support level of 3,660 and a resistance level of 3,680.
LTC: The price has risen above the upper band of the Bollinger Bands, showing a strong price trend. The short-term market is overbought, so be cautious of a price correction, with a support level of 124 and a resistance level of 130.
BCH: The price continues to stay above the middle band of the Bollinger Bands, showing a strong price trend, with a support level of 570 and a resistance level of 590.
That's all for now, good night!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
