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Gold has surpassed $4100 and Bitcoin has risen to $126000- two completely different assets are being pushed to historical highs by the same force. Wall Street calls it the 'currency devaluation trade', and its core is the quiet collapse of confidence in the US dollar.
Intraday market trend: Short resistance with range oscillation, 4140-41604220-4260;
Short support: around 4000-40333940, around 3890-;
Breaking through yesterday's uptrend support, there is a chance for a second dip and retracement
【BTC】
Yesterday, we took over the excess around 109500-110000 and have now profited to the take profit point of 113500, which is a 4 small mid track resistance;
113500 is a 4-hour mid track resistance. If it does not break through the stagflation, it can be used with stop loss short positions, or multiple orders can be taken in batches for profit.
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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.