Spot silver hits a new historical high of $60/ounce for the first time
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Traders are betting on lower interest rates, and spot silver has hit the $60/ounce mark for the first time and set a new historical high.
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Traders are betting on lower interest rates, and spot silver has hit the $60/ounce mark for the first time and set a new historical high.
Click on the link to join: https://meeting.tencent.com/dm/0UVzO0ENwEBM Price Trend Analysis K-line shape: At the 4-hour level, a long yin swallowing pattern appeared (12/11 08:00), followed by a price rebound but did not break through the previous high, forming a secondary high point; A K-line with a long upper shadow has closed for three consecutive days at the daily level, indicating strong selling pressure above 3400; Technical Indicators: MACD: At the 4-hour level, DIF crosses DEA and forms a dead cross (12/11 12:00). The daily MACD red bar continues to shorten but remains below the zero axis; RSI: The 4-hour RSI quickly fell from the overbought area of 72.87 to around 50, and the 1-hour RSI tested the 30 support level multiple times; EMA: The price fell below 7EMA (3267) and tested the support of 30EMA (3195), while 120EMA (3111) remained upward; Turnover On the day of the sharp decline (12/11 08:00), the 4-hour trading volume reached 138432, which is more than three times the recent average; During the rebound process, the volume continued to shrink (only 28973 at 12:00 on 12/11), showing a divergence between price and volume; Buying and selling point: Buy Point 1: 3150 USDT (daily EMA30 support level combined with integer level, previous low point of 3142 forms resonance support) Buy Point 2: 3100 USDT (120EMA strong support zone+psychological integer level, 12/08 low 3088 verified effectiveness) Long stop loss point: 3075 USDT (accelerate stop loss after falling below the previous lows of 3088 and 120EMA3111, reserve buffer space) Sell Point 1: 3250 USDT (4-hour EMA7 pressure level+integer level, recent rebound high of 3267 suppressed significantly) Sell Point 2: 3300 USDT (previously high at 3327 selling pressure zone+starting point of sharp decline, with a 1.5% gap from the sell point, meeting profit requirements) Short stop loss point: 3335 USDT (stop loss after breaking through the previous high of 3327 and 1-hour EMA30 pressure of 3284, risk controllable) Official QQ fan group: 272163221 Click on the link to join the group chat: https://qm.qq.com/q/T4aZQpffe8 Tencent Meeting Number: 937-154-385 Trading is a long process. By adjusting your mindset, grasping the short term, and being able to hold onto the long term, you will definitely generate a chemical reaction in this market and achieve a day of sudden wealth. Welcome to join the Wanxiang blockchain community and experience a different kind of trading Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
[Binance USDⓈ-M Futures API Adds Trading Schedule Query and Contract Signing Features] Binance USDⓈ-M Futures REST API has added the GET /fapi/v1/tradingSchedule endpoint to retrieve weekly trading schedule information and the POST /fapi/v1/stock/contract endpoint to sign traditional financial contract agreements. The WebSocket API has added the tradingSession push, supporting real-time access to current trading session information.
Binance contracts pave the way for the launch of perpetual stock contracts by adding API support. （BWEnews）
The Philippines proposes to establish a strategic reserve and plans to purchase 10000 bitcoins within 5 years. （The Bitcoin Historian）
[CryptoQuant Analyst Claims 50% Reduction in Stablecoin Exchange Inflows Pressures Bitcoin's Price Movement] CryptoQuant analyst Darkfost pointed out that the core reason Bitcoin struggles to rebound lies in the lack of incremental liquidity dominated by stablecoins. Since August, the inflow of ERC-20 stablecoins into exchanges has dropped from $158 billion to approximately $76 billion, a decline of 50%, while the 90-day average inflow has fallen to $118 billion. This phenomenon indicates weak market demand insufficient to absorb selling pressure. The current downward trend remains unchanged, with minor rebounds mainly driven by a reduction in selling pressure. The key to Bitcoin entering a bull market lies in whether new liquidity can successfully enter the market.