Bitcoin, as a digital asset, is a form of risky investment, but it is also a type of currency, or one might call it a virtual private currency. It possesses the attributes of money, and to some extent, it also shares the safe-haven characteristics of gold. This is why I previously predicted Bitcoin’s trend based on gold’s movement, successfully shorting from...
Because of the possible war factors, gold has risen sharply and broken through 2500. If the situation further expands, gold will continue to rise. Before that, let us consider the technical form. At present, after a rise, the indicators have begun to weaken. The support must be tested. Therefore, in the short term, you can short first. The support is in the...
Gold started to rebound after touching the support near 2482-2473. It is still in the rebound stage. From the graph, the resistance of the rebound should appear near 2488-2496. At that time, we need to pay attention to the breakthrough of the resistance. I think the probability of a direct breakthrough is not high, because when it falls below 2500, it has...
In the short term, there is a need for a rebound in the DXY, so if you are trading related currencies like EUR/USD, it’s preferable to focus on short positions. The main resistance for the DXY rebound is around 102. Analyzing from a broader trend perspective, the DXY is highly likely to break below 100 in the coming period. This can be used as a reference for...