author Yasuo MatsudaFXcoin Senior Strategist
After working at Mitsubishi Bank (Headquarters, Bancock Branch) and Deutsche Bank Group (Singapore, Tokyo), he has been in his current position since July 2018.Familiar with a wide range of financial markets such as short-term countries, repos, foreign exchange, US Treasuries, European bonds, and MBS
Turn back overnight
Small movement after plunge
Yesterday’s BTC market rebounded. Although it fell back with a double top in front of $ 58,000 (about 6.6 million yen), it rebounded after breaking below $ 54,000 (about 6.1 million yen) and temporarily rose around the mid- $ 56,000 level (about 6.4 million yen), which is the neckline. Although it was suppressed, it is expected to reach $ 58,000 again. The BTC said it would support the start of tapering in November, including the IMF’s report pointing out the risks of crypto asset growth when the upside was held short of $ 58,000, and Fed Vice-Chairman Clarida and Bostic Atlanta Fed Governor. The price fell below $ 54,000, using the US stocks that had fallen anaerobically. It quickly rebounded to the $ 56,000 range, but CNBC reported that futures-based BTC ETFs are likely to be delayed until 2022, at 56,000 near the double-top neckline. The upside was held down in the middle of the dollar. After that, Binance announced that it would stop providing services to users in mainland China until the end of the year, but it fell, but it was supported at the $ 54,000 level just before the morning low. The US CPI of interest was as expected, but when interest rates on US bonds fell and US stocks turned back, it rebounded to the $ 57,000 level.
The insights and interpretations of this article are by the author and do not necessarily reflect the views of Cointelegraph.
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