Sold out! 20241208

Good evening, brothers!

Optimistic people,

What I see is still a broad sky.

Cold December,

The morning light still shines through the mist and brings a ray of light.

Today the sunshine outside the window took a temporary rest,

But it also feels warm when the family is together.

My father-in-law came over to play yesterday,

Chatting is also very pleasant.

Mr. Nan Huaijin once said: ‘Buddhism is the heart, Taoism is the bone, Confucianism is the appearance. Broad-mindedness is the way to see the world; Skills are in the hands, abilities are in the body, thoughts are in the mind, and life is lived with ease. After reading history for three thousand years, one should not seek fame and fortune. After realizing the Tao for ninety thousand miles, one ultimately returns to poetry, wine, and farming.’ Life is not just about fame and fortune, but ultimately about poetry, wine, and tea. It is a process to find the joy of life.

…

Morgan Stanley’s latest report released on December 6th points out that the timing for shorting the US dollar has arrived.

The bank believes that, at present, the Favourable Information of the US dollar has been fully digested, and the market’s consensus expectation of a bullish US dollar instead implies that “painful trading” may be imminent.

The bank’s analysis believes that there are three main reasons for shorting the US dollar: First, although the US economy has performed strongly, these Favourable Information factors have been fully priced in by the market; second, the market may have overreacted to the impact of trade policy changes; and finally, the market may be too conservative in its expectations of a rate cut by the Federal Reserve, while expectations of rate cuts by overseas Central Banks may be too high.

In addition, several important events in December may have a substantial impact on the trend of the US dollar.

BTC: Looking at the 4-hour timeframe, the price has fallen below the middle Bollinger Band, with weak price action.

On the daily candlestick level, the price continues to stay above the moving average support, and the price action (PA) remains healthy.

In summary, support level 99100, resistance level 99600.

ETH: Looking at the 4-hour timeframe, the price continues to oscillate near the middle rail of the Bollinger Bands, with the support level at 3950 and the resistance level at 3980.

LTC: The price continues to stay below the middle track of the Bollinger Bands, with weak price action, support level at 110, resistance level at 150.

BCH: The price continues to oscillate near the middle track of the Bollinger Bands, with a support level at 600 and a resistance level at 630.

That’s all for now, good night!