$ZRO
News Overview
Expectations of Fed rate cuts increase: According to CME's "Fed Watch" data, the market generally believes that the Fed is more likely to cut interest rates in November, with a probability of 45.2% for a 25 basis point cut and a probability of 54.8% for a 50 basis point cut, showing strong market expectations for monetary easing.
China's central bank will cut the deposit reserve ratio: The People's Bank of China announced that it will cut the deposit reserve ratio by 0.5 percentage points in the near future. This move aims to further release market liquidity and may have a positive impact on financial markets, including the digital currency market.
Siemens uses blockchain technology for settlement: Siemens cooperated with JPMorgan Chase to successfully settle digital commercial bills using the Onyx blockchain platform, marking another important application of blockchain technology in the traditional financial field, which may promote the acceptance of digital currencies and related technologies.
Technical analysis
BTC (Bitcoin)
Recent trend: Bitcoin has been fluctuating at a high level for four days recently. After reaching a high in the Asian session yesterday, it quickly fell back and failed to stand above the 64,000 mark again. The daily chart closed with a long upper shadow line and continued to fall in the morning. The K-line arrangement showed a downward trend. Key points: The four-hour line fell below the 30-day moving average for the first time. The important support level below is at 62,350 points. If this position is effectively broken, it may start a short-term short market, with the target at around 60,500 points. In terms of operation, it is recommended to focus on rebound bearishness, and pay attention to the upper resistance area of 63,300-63,800 points.
ETH (Ethereum)
Strong performance: Ethereum performed relatively well yesterday. Although it retreated after the daily line touched 2,700 points, the overall increase was still 2.5%, which was in line with the market's expectation of a rebound. Technical form: The bullish trend at the daily level is obvious, but the K-line deviation rate is high, and there is a need for adjustment. The four-hour line shows that it stopped falling at the 14-day moving average after a surge and then fell back. The important support below is at 2540 points. If this position is lost, it may turn into a bearish market. The intraday operation suggestion is also mainly based on rebound bearishness. The upper resistance area focuses on 2640-2670 points, and the lower support focuses on 2570-2540 points.
Significant increase: ZRO has increased by more than 50% this time. The daily line has repeatedly surged and fallen back to form a long upper shadow line, and is currently stable at position 4. If this position is broken, it may mean that the current rising market will come to an end.