AMA on X

Whole two sentences: Yesterday evening, the market needle to the 3670 line did not break the previous high and fell rapidly, fell to two 3460 support rebounded, showing the strength of the bulls, the probability of falling below in the short term is not large, short-term support to see 3451-3403, the pressure above the four-hour level is obvious, the short-term long and short saw, the upper resistance 3632-3668 break to see 3718-3740 Spot: strax: 1.266, you can also choose to add the cash price in batches, wld：7.599 lina：0.0144 Lottery area ltc：90.92 cvc：0.196-0.167 matic：0.938 sol：172.5 ksm：45.51 xrp：0.586

📅 Crypto Events for Tomorrow 2024/03/26 - $AGI | AMA on X 2024/03/26 - $IMX | Mainnet Hard Fork 2024/03/26 - $STC | Mainnet Launch 2024/03/26 - $CVC | Announcement #Gate Post Highlights##NewYear2024##ContentStar##比特币##BountyCreator##HotTopicDiscussion##GateioBountyCreator##Crypto #

🚀 #Gateio ⬆️ Price Increase 1h $GENS ▴12% $EVADORE ▴11% $PSUB ▴10% $LAVASWAP ▴9% $BAG ▴9% ⬆️ Volume Surge 1h $CVC ▴165% $HERO ▴128% $ZZZ ▴77% $LAVASWAP ▴69% 👉

Recently, the Magic coin has attracted widespread attention in the Crypto Assets market. Its price movement shows a strong rising trend, with a bullish belt hold pushing it to new heights. From a technical perspective, Magic was previously in a falling wedge pattern, and has since started a sustained rebound, currently approaching the expected target level. However, for this type of Crypto Assets, merely following the candlestick charts is far from enough. The price movement of Magic clearly shows a highly concentrated manipulation characteristic, a pattern that is not uncommon in the Crypto Assets market. The usual operation method is that large funds quickly pull up the price after building positions at low levels. This not only attracts market attention but also entices more investors to follow suit and enter the market. Although this practice requires a large amount of capital to drive up prices, the current funding rate situation seems unexpectedly favorable. Currently, the funding rate of Magic has dropped to -2.2%, and this unusually low figure indicates that short sellers dominate the market. Faced with such a large number of short positions, big funds are likely to continue pushing prices higher. After all, retail investors' short-selling actions provide the big funds with counterparties. It can be speculated that big funds have long accumulated a large number of long positions at low levels. As prices rise, these long positions can not only obtain considerable profits but also benefit from high funding fees, which are enough to offset or even exceed the cost of pushing prices higher. At the same time, the continuous rise can maintain market enthusiasm. When prices reach preset targets, big funds are likely to sell off quickly, leading to a sharp drop in prices. This operational model is quite common in the current Crypto Assets market. For cautious investors, waiting for a price Rebound before considering shorting may be a wiser choice. However, regardless of the strategy adopted, risk management should always be the primary consideration in this highly speculative market. Overall, the case of Magic provides us with a window into the dynamics of the Crypto Assets market. It reminds us that in this rapidly changing field, technical analysis, market sentiment, and the behavior of large funds are all factors that need to be closely followed. Only by fully understanding these elements can investors make informed decisions in this market full of opportunities and risks.

Recent fluctuations in the global Capital Market have led to carry trades triggered by the appreciation of the yen, a brief pullback in gold, and a fall in Bitcoin alongside risk assets. The article analyzes the price fluctuations of gold since 1970 and its relationship with Bitcoin, pointing out that the two are gradually becoming closely linked in the new International Monetary System, reflecting the trend of diversification of reserve currencies and the demand for safe-haven investments under geopolitical uncertainties.