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The negative effect of interest rate hikes in Japan continues to grow. Now the probability of interest rate hikes of 25% in December on the polymarket has reached 81%, and then the yield of Japan's two-year treasury bond has broken 1%, which is the highest since 2008. The five-year treasury bond have also hit a new high since 2008, with the yen appreciating by 1%. These data add up to a very scary expectation. Japan's decades of easing will become history.
ETH
K-line form
——4 hours: The 4-hour candlestick shows an acceleration in volume price divergence, with signs of stabilization in the structure of the promising star. The price range forms a key pressure support, and the trend tends towards a calm and turning direction
——1 hour: The 1-hour K-line presents a U-shaped structure reversal filling the pit, forming a parallel arrangement after breaking up, and the structure operates waiting for the coordination of quantity and price.
Technical indicators
——MACD: The dual line remains below the weak zero axis, with price divergence and weakened bearish momentum. Waiting for range adjustment, volume and price return to positive.
——EMA technical indicators: The midline indicator EMA100 and trend direction EMA200 have a flat dead cross, with both volume and price deviating synchronously. There is a need for short-term trend adjustment.
——Trend direction: The price is running in a downward trend channel, and after testing the downward support position of the channel, the market consolidation will begin, and the short-term momentum will shift slightly
Turnover
The quantity and price have significantly deviated, and the price trend does not match. We need to pay attention to the repair of momentum.
Buying and selling points
Buy at 1:2760 (near the support position of the upper break interval)
Buy at 2:2720 (near the downward support position)
Risk control point: 2710 (around the bearish correction point)
Sell at 1:2860 (EMA technical indicator suppression, near continued decline point)
Sell at 2:2930 (near the 4-hour EMA technical indicator suppression position)
Risk control points: two-step formation interval of 30 points
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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.