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Navigation-h Updated  Mar 9, 2023

The Bitcoin price has dropped below the 50-day moving average, turning it into a resistance level above the 23,000 mark. Currently, Bitcoin is losing momentum near the 22,000 level and its price is quite fragile. The lack of a clear path in the cryptocurrency market may be due to investors' focus on Powell's speech and clues of additional rate hikes. Therefore,...

Navigation-h Updated  Mar 9, 2023

Yesterday's strategy for gold was to buy on the dip and capture the rebound, which was successful, reaching the first take-profit level, and most positions were likely closed. Spot gold maintained a small rebound trend during the day and is currently trading around $1,815 per ounce. The current strategy has temporarily shifted. The previous first take-profit...

Navigation-h Updated  Mar 9, 2023

The recent downturn in gold is due to the speech by the Federal Reserve, which negatively impacted gold and increased market panic, leading to an acceleration of the decline in gold prices. In the face of news, technical analysis is only a reference. Therefore, it is important to emphasize the importance of controlling positions. A rational approach to investment...

Navigation-h Updated  Mar 9, 2023

Gold has reached the first take-profit level, with a focus on the breakthrough situation at the marked position in the chart. If there is a valid breakthrough, gold will rise again. Exiting the market depends on individual circumstances. Personal opinions are discussed more clearly in the article below. If there are any questions, feel free to join the personal...

Navigation-h Updated  Mar 8, 2023

Currency Features: Decentralization: Bitcoin is the first distributed virtual currency that is entirely user-driven, without the presence of any central bank. Decentralization ensures the security and freedom of Bitcoin. Global circulation: Bitcoin can be managed on any computer connected to the Internet. Anyone, anywhere in the world, can mine, purchase, sell,...

Navigation-h Updated  Mar 8, 2023

The recent sharp decline in Bitcoin's price is in line with expectations as it has been falling all the way down. Currently, the price has reached the support level range of the lower neckline, and short-term attention should be paid to the support situation around 21400. After the support plate stabilizes, it is advisable to enter into a short position. The...