Galaxy lowers the probability of passing the CLARITY Act in 2026 to 10%
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Due to unresolved issues and tight Senate time, Galaxy has lowered the probability of the CLARITY bill passing in 2026 to 10%. （Cointelegraph）
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Due to unresolved issues and tight Senate time, Galaxy has lowered the probability of the CLARITY bill passing in 2026 to 10%. （Cointelegraph）
Click on the link to enter the meeting: https://meeting.tencent.com/dm/K3i4PhYDKPsG Brothers, tonight at 8 o'clock, start broadcasting on time. BTC continues to hover in the 64000-65000 range today, while ETH is hovering around 1900. But outside the market, SanDisk, SK Hynix, and SpaceX are crazily making money. Today, we will break down the technical structure of these three stocks from the market - it doesn't matter how much they have risen, what's important is whether they can still rise, where they will rebound, and where they will fall if they don't rise. [First one: SNDK - rebounded 63% in two weeks, entering the "overbought zone" technically] SanDisk rose another 5.6% yesterday, and its current price has broken through the upper band of the Bollinger Bands (1625), officially entering the "overbought zone". Trend structure: Since the low point of 689.59, the daily K-level has formed a clear upward channel. On the moving average system, MA60 and MA120 have shown a flat and upward trend, with the medium to long term trend shifting from idle to bullish. After the MACD underwater golden cross, the bar chart continues to enlarge, while the RSI three line chart shows a bullish arrangement and is not severely overbought. The volume can be moderately amplified with a net inflow of 26.44 million US dollars. Bollinger Bands Signal: The current price has broken through the upper Bollinger Bands (1620) and entered the "overbought zone", indicating strong short-term momentum, but also indicating that downward pressure is accumulating. Medium track 1577 is a short-term support, and if the price does not break through, it can be considered a healthy adjustment; If it falls below the mid track, it may trigger concentrated profit taking. Key support resistance: The first resistance zone is between 1580-1600 (the intraday high on August 13th+the high volume trading zone in late July); The second resistance is between 1700-1800. The lower support is located at 1440-1460 (first support) and 1390 (second support). The short-term structure has broken through the sideways range of 1190-1350. But if the daily increase is too large, the risk of short-term correction is increasing. The healthy way to go is to reduce volume and retrace to 1440-1460 without breaking, and then increase volume to break through 1585, which is the confirmation signal for the next wave of upward trend. Trend structure: IBD analysis indicates that SK Hynix is building a short-term consolidation pattern on the right-hand side, with a buying point of $194.80 (a historical high set on July 14th). But more importantly, this ticket has already broken through the trend line and short-term high on Thursday, August 13th, and has entered an "operable" state according to IBD trading rules. On Thursday, it rose by 7.3%. Key support resistance: The upper resistance is between $167-170 (recent high+IPO price range), with a breakthrough at $177; The support below is between $145-149, and further down is between $135-140. SK Hynix has just completed a trend line breakthrough and four consecutive bullish rebounds, which is "cooler" than SanDisk, and RSI has not yet entered extreme overbought. But the historical high of 194.80 is the true confirmation of the trend. Before that, let's act as a rebound. If stepping back on 145-149 does not break, it is a relatively reasonable observation position. [Third: SpaceX (SPCX) - $144.5, just above the IPO price] Trend structure: After going public, it peaked at $225 and then plummeted all the way to $108. Now it has rebounded back to $144.5, just slightly above the IPO issue price of $135. The key issue is that this is not a bull market, but a rebound after a sharp decline, and the major downward trend has not completely reversed yet. Key support resistance: Short term first support of $135-138 (IPO issue price, rebound ends if unable to hold on); The upper pressure ranges from $152 to $156 (in the high lock up zone). To truly strengthen, it is necessary to maintain a steady position of over $170 in volume. The 4-hour level has formed a round bottom shape with a base of 104.85, with a neck line target of $172.39. After the lifting of the ban, there was no panic selling, and the proportion of short positions decreased from a peak of 34% to 11%. After the bearish sentiment landed, the mood was restored. But the company as a whole is still suffering huge losses (Q2 revenue of 7.8 billion, capital expenditure of 18.3 billion); There will be multiple rounds of lifting restrictions in the future, and the hidden danger of long-term dumping pressure has always existed. If you can't get past $152-156, it will still fluctuate. A steady increase in volume at $170 is the signal of a trend reversal. Summary of Technical Signals SanDisk has already surged outside the upper limit of Bollinger Bands, short-term overbought, and chasing high is risky. Let's wait until the retracement of 1440-1460 does not break. SK Hynix has just completed support testing and violent rebound, with an RSI of only 33, much colder than SanDisk, but breaking through the historical high of 194.80 is the real confirmation. SpaceX is stuck between its IPO offering price and the 152-156 lock up zone, neither up nor down. A trend reversal is when the trading volume stabilizes at 170, and if it cannot be crossed, it is a range oscillation. The technical trends of these three stocks are in sharp contrast to BTC/ETH - storage chips and SpaceX are soaring, while BTC is sideways. Global venture capital is limited, and if the money goes to storage stocks and SpaceX, there is no money to pull BTC. The structural changes in the flow of funds deserve everyone's attention. 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.
Michael Hartnett, chief strategist of Bank of America Securities, pointed out that under the AI foam, the best strategy is to long the technology leaders and oversold assets, and short AI bonds. The report shows that private clients' stock positions have risen to a historical high of 66.4%, and technology stocks have experienced the largest weekly outflow in seven weeks. The Bank of America's bull and bear index fell to 9.3, maintaining a sell signal. Faced with the pressure of US $1 trillion AI capital expenditure and the size of US $40 trillion US treasury bond bonds, Bank of America proposed to take long gold hedging and pay attention to the impact of the US mid-term elections in November on the market.
[Utree Technology's STAR Market Subscription Payment Concludes, Discloses Issuance Volume and Wang Xingxing's Shareholding and Voting Rights Ratio] According to the Shanghai Stock Exchange announcement, Utree Technology's online and offline subscription payment process has concluded. After reallocation, the final offline issuance amounted to 22.650148 million shares, and the final online issuance amounted to 9.707 million shares. Prior to the issuance, Utree Technology's actual controller Wang Xingxing directly held 86.714964 million shares, controlling a total of 34.763% of the shares. Through special voting rights arrangements, Wang Xingxing controlled a total of 68.7816% of the voting rights. After the issuance, the proportion of voting rights controlled by Wang Xingxing decreased to no more than 65.309%.
Wedbush reiterates SanDisk's stock "outperforms the market" rating, with a target price of $2000. Wedbush analyst Matt Bryson stated that the bank's 2028 forecast underestimates SanDisk's profitability, and SanDisk will repurchase a large number of shares in the coming years. Coupled with the extended trading cycle, these factors deserve a certain premium.
According to the Shanghai Securities News, there have been rumors of scalpers buying chips off the market at Yushu Technology. Investment institutions, private equity firms, and securities firms have reported that no such cases have been found, and the rumors are groundless. CITIC Securities reminds that securities trading must comply with laws, regulations, and trading rules, and can only be conducted through recognized channels with real name accounts. Investors are advised not to blindly follow the trend and speculate, and to carefully evaluate investment risks.