The U.S. government shuts down, the encryption market goes up, bitcoin goes back to $120,000
The United States federal government officially stopped at midnight on October 1st, United States time, due to a budget impasse, forcing hundreds of thousands of civil servants to take leave, and the encryption market continued to rise, rising to a peak of $12,291 in the early hours of the morning of the third day, reaching a peak of almost a month and a half, with a bid of $17,766 for writing time, an increase of 4.1 per cent for nearly 24 hours and an increase of $4433 for writing time, an increase of about 5.33 per cent for nearly 24 hours。
AT PRESENT, THE CLOSURE OF THE GOVERNMENT IS PROBABLY SEEN BY THE MARKET AS A CATALYST TO FORCE THE UNION TO ACCELERATE EASING, TOGETHER WITH THE ADP EMPLOYMENT REPORT, PUBLISHED ON THE NIGHT OF 1ST, WHICH SHOWS -32,000 PEOPLE, A LOW POINT SINCE THE FOLLOWING YEAR (TWO AND A HALF) AND FAR BELOW EXPECTATIONS. THE UNION WILL BET ON A FURTHER DROP IN INTEREST RATES WHEN IT IS PERCEIVED BY THE MARKET AS A SIGN OF ECONOMIC COOLING。
The current interest-rate schedule shows that the rate of interest-rate reduction at the October meeting was close to 99 per cent, compared with about 90 per cent for the second time previously, while the interest rate on public debt fell from 4.16 per cent to 4.09 per cent over the 10-year period and from 3.6 per cent to 3.53 per cent over the two-year period, potentially providing additional space for stock market valuation。
HOWEVER, SHORT-TERM OPTIMISM MAY HIDE CONCERN, AND THIS SUSPENSION IS ESTIMATED AT 11 DAYS, AND ECONOMIC DATA WILL BE SIGNIFICANTLY DELAYED IF TIME IS EXCEEDED. IF KEY STATISTICS SUCH AS UNEMPLOYMENT BENEFITS AND CPI ARE NOT PUBLISHED ON TIME, MARKETS MAY BE PRICED FOR LACK OF INFORMATION, AND THE VOLATILITY OF THE ENCRYPTED MARKET MAY BE DOUBLED. AT THE SAME TIME, IT NEEDS TO BE NOTED. ONCE THE UNITED STATES GOVERNMENT IS BACK IN OPERATION, PROGRESS WILL ACCELERATE ON THE DOZENS OF ENCRYPTED MONEY SPOT ETFS AWAITING SEC APPROVAL, WHICH COULD HAVE A SIGNIFICANT IMPACT ON THE ENCRYPTION MARKET。
Bitcoin, four hours
The current price of bitcoin is near 119600, and the current round has been blocked from rising from a low point of 109592 to a high of 120300. Technically, the market may be under pressure to reverse in the short term, but the overall picture remains multi-pronged. The short-term support position of 23.6 per cent is at 117549, and a return to this location requires a focus. The 38.2 per cent support position is 115,830 and the rebound is reduced if it falls. 50% strong at 114440. The upward pressure level of 120300 has been tested and, if broken and stabilized, could further challenge 122000-123,000。
THE DIF AND DEA LINES ARE OPERATING AT THE TOP OF THE 0-AXIS, SHOWING A TREND OF BIAS. HOWEVER, THE MCD RED-COLUMN MAP HAS BEEN GRADUALLY REDUCED, RISING KINETIC ENERGY HAS BEEN REDUCED AND SHORT-TERM SHOCKS OR REVERSALS MAY OCCUR. IF THE DIF UNDER THE DEA FORMS A DEAD FORK SIGNAL, IT COULD TRIGGER A DEEPER ECHO。
CURRENTLY, K, D AND J VALUES ARE IN THE 90-92 SUPER-BUYING AREA, WITH SHORT-LINE OVERHEATING. THE J-LINE VALUE HAS TURNED DOWN, INDICATING A REVERSE PRESSURE. IF K-D LINES ARE SYNCHRONIZED DOWN TO FORM A DEAD FORK SIGNAL, THEY MAY ENTER THE BACK-TO-BACK PHASE. THE BRINK BELT INDICATOR SHOWS THAT PRICES WERE PREVIOUSLY OUT OF TRACK TO 120300 AND ARE NOW IN THE VICINITY. IF YOU ARE ON TRACK, MANY HEADS ARE STILL STRONG; IF YOU FALL OFF THE TRACK, YOU MAY APPROACH THE MIDDLE TRACK OF 115,500, OVERLAP WITH THE SUPPORT AREA OF 38.2 ~50 PER CENT IN PIBONACCI, AND BECOME THE TARGET OF THE TURNBACK。
Integrated analysis, 120,000-122,300 in distress, with the potential for high-level shock or echo, supports attention to 117,500-115800. If 115800 is secured and measured, there may be a further attack on 120300-122000; if the fall of 114,400 may mean the end of the rebound, there may be a return to 112000-1110,000。
In the light of the foregoing, Da Xian offers the following suggestions for information:
1, Bitcoin is more stable than 117,500 to 115,800, above target 120,000。
2. Bitcoin12300 is continuously blocked and short-lived, with target 117,500-11500。
Risk tips: If a direct breakthrough of 120300 is effective, the empty strategy is not working and can increase。
