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On the 4-hour chart, after the price earlier dipped to the 4301.83 low, it began to rebound and pushed up to 4510 where it met resistance and then pulled back. The market is currently in an overall range-bound consolidation pattern. The current price is 4402, trading around the Bollinger middle band at 4402.
The Bollinger Bands are overall narrowing, indicating that at a larger level, buyers and sellers are in a balanced standoff, volatility is tightening, and we are waiting for a directional breakout.
From the candlestick structure, the recent higher highs and lower lows are gradually tightening. Price is oscillating back and forth within the Bollinger Band box. The 4-hour timeframe has not yet formed a unilateral trend; it is in a consolidation-and-accumulation phase. The Bollinger middle band is the key pivot level for the current 4-hour timeframe.
In terms of trading, we mainly sell high and buy low. Before the CPI data arrives, the range has not yet started to converge!
Trading Plan If price retraces to the 4375-4385 zone to buy/sell (as per the plan), with targets of 4400-4430, a break upward could be seen toward around 4470!
If price rebounds to the 4430-4440 zone, consider selling, with targets of 4400-4380!
At present, the 4-hour market is mainly consolidating without a clear breakout, so we keep the strategy of selling high and buying low. Once a breakout occurs with increased volume, we will change our approach #XAU
No wonder the Zcash price has gone through the roof—turns out the project behind it really has connections at the top😧 Today, feeling bored, I wanted to learn about the specific cryptography knowledge behind Zcash, so I dug up the earliest academic paper published. Then, at the very end in the acknowledgements section, I saw a whole list of truly impressive names, including the U.S. Department of Defense, the U.S. Air Force Research Laboratory, the U.S. Office of Naval Research, an Israeli research center, the Israeli Ministry of Science and Technology..... So Zcash is a project that received national-level funding support from the U.S. military across the Army, Navy, and Air Force, as well as from Israel😱
The market makers behind the ZEC project are billionaire whales—wealthy players who have been active since 2017 and have long manipulated classic coins such as BCH and LTC. Anyone trying to short this asset will pay a heavy price.
$XAU Today gold is bearish overall. After the rebound at the beginning of the week, further adjustments are likely to start. After the market opened this morning, it came under pressure and fell back again near the 4140 preliminary resistance level. During the subsequent rebound, the rebound peak continued to decrease. Finally, in the afternoon it broke below the support around 4112. After the break, selling accelerated downward. There will still be further adjustments; the fastest rebound may come in the evening, but based on the current outlook, after the rebound there will still be one more decline!
#XAUUSD analysis After a long period of decline, gold has started to rebound. At present, it appears to have broken through the short-term downtrend and has begun a new wave of upward movement. After yesterday’s rise, today saw consolidation before continuing higher, opening up room above. In the future, the rebound is still expected to continue and may test the previous high!
$ENA daily level analysis Currently, ENA shows a signal of strengthening. On the daily chart, it has already broken through the downward trendline. In the next phase, it should continue to rebound. The first target above is 0.1. Therefore, going forward, it is recommended to focus mainly on buying low!
$APR The shape looks good; the bottom is too high, the top is coming down, the amplitude is decreasing. In the next phase, it will likely choose to turn either upward or downward. In my personal view, the probability of an upward turn is higher. Also, since this is a coin with a relatively smaller market value in the Alpha market, it will most likely have a wave of upward movement!
Bought Bitcoin for 120,000 yuan—now it’s down to 60,000. Bought gold for over 1,200—now it’s down to over 800. Bought silver for 32—now it’s down to 14. Bought a house for 1.3 million—now it’s worth over 50. Bought a BBA for 500,000—now it’s worth over 20. Only a wife weighing 80 jin—now she’s up to over 160 #btc Heartbreakingly painful