Good evening, brothers!
【Nine Consecutive Gains, Are Banks and Coal the Green Leaves?】
Today, the Shanghai Composite Index hit a new high, and the market is filled with rising voices. My trading account has also seen ten consecutive gains, but some people are not happy, specifically those who bought into the coal and banking sectors. Taking the coal ETF and banking ETF as examples, today they fell by 1.08% and 0.92%, respectively. In fact, the pullback in these two sectors today has laid a good foundation for further increases in the Shanghai Composite Index, and these two sectors will still be key to the index's rise in the future!
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A little-known story is emerging from the Trump family's cryptocurrency business empire, with the shadow of Binance's Zhao Changpeng behind it.
On August 12, The Wall Street Journal reported that the Trump family's cryptocurrency business is creating wealth at an unprecedented speed, generating over $4.5 billion since the election, surpassing any other sector of Trump's business empire.
Behind this success lies an undisclosed interest chain with Binance, the world's largest cryptocurrency exchange, with a key role played by the trading platform PancakeSwap.
BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains strong.
On the daily level, the price continues to stay above the moving average support, and the price trend remains healthy.
In summary, support level at 120300, resistance level at 120700.
ETH: On the 4-hour level, the price continues to stay near the upper band of the Bollinger Bands, and the price trend is strong. The short-term market is overbought, so caution is needed for a price pullback, with support at 4680 and resistance at 4700.
LTC: The price continues to stay near the upper band of the Bollinger Bands, and the price trend remains strong. The short-term market is overbought, so caution is needed for a price pullback, with support at 130 and resistance at 136.
BCH: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with support at 600 and resistance at 620.
That's all for now, good night!
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