Good evening, brothers!
The wind of May is leisurely sweeping over the tips of the wheat, turning the unfinished murmurs of spring into a carefree and pleasant feeling…
Early summer arrives so subtly yet naturally, like a fledgling's first attempt at flight, trembling as it glides over the newly blossomed lotus pond…
The air is filled with the scent of grass and trees steaming, mixed with the sweet sighs of unknown little flowers, reminding one of all the unfinished and beautiful things…
Today, I returned from studying outside and can now update everyone with articles normally, haha, have a great weekend!
……
On Friday (May 16), after the close of the U.S. stock market, Moody’s Ratings announced that it has downgraded the U.S. credit rating from the highest level of Aaa to Aa1. Following this downgrade, the world's largest economy, the United States, has now been downgraded below the highest AAA rating by all three major rating agencies.
The timing of Moody’s downgrade is particularly sensitive, as earlier that day, the U.S. House Budget Committee was blocked by hardline Republicans, preventing Trump’s massive tax reform plan from passing. As market commentators noted:
The timing is very special because the Republicans are trying to get Trump’s “Beautiful Big Plan” passed in the committee… It is well known that there are no coincidences in Washington.
Interestingly, in 2012, Trump tweeted predicting that the U.S. would be downgraded again, criticizing then-President Obama, but ultimately the rating agencies did not take action. However, now that he is president, the rating has indeed been downgraded, which can be seen as a "hard slap in the face."
BTC: On the 4-hour level, the price has broken below the middle band of the Bollinger Bands, indicating a bearish price trend.
Daily
On the daily level, the price is about to break below the moving average support, showing a general bearish price trend.
In summary, the support level is 102600, and the resistance level is 103200.
ETH: On the 4-hour level, the price has retraced to the lower band of the Bollinger Bands, indicating that the short-term market is oversold, with a weak rebound demand. The support level is 2470, and the resistance level is 2500.
LTC: The price has broken below the middle band of the Bollinger Bands, indicating a weak price trend. The support level is 98, and the resistance level is 102.
BCH: The price has broken below the middle band of the Bollinger Bands, indicating a weak price trend. The support level is 380, and the resistance level is 420.
That's all for now, good night!
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