LTC is oversold and has a demand for a rebound! 20250520

CN
10 hours ago

Good evening, brothers!

Love yourself first,

Only by becoming a clear pool of water,

Can you reflect the appearance of others.

Allow yourself to grow with thorns,

Just like treating the roses of May,

Those sharp edges are not flaws,

But the most honest shape of life.

Love yourself,

Is something many people are reiterating now,

For example, nurturing yourself again,

These people feel that they were not so satisfied with their past lives.

So love yourself well.

……

While the whole world is closely watching whether U.S. Treasury bonds will plummet due to Moody's downgrade, the real bond market collapse is happening on the other side of the Earth in Japan.

Japan's 20-year government bonds are facing the worst auction since 2012, with the bid-to-cover ratio dropping to 2.5 times, and the tail spread soaring to the highest level since 1987. This bond disaster has already triggered Japan's 40-year government bond yield to break historical highs, reaching 3.59%. As the Bank of Japan's quantitative tightening (QT) plan comes under scrutiny, investors need to be wary of the potential chain reaction that turmoil in the global bond market may cause, especially for institutional investors holding Japanese and U.S. bonds.

BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains volatile.

On the daily level, the price continues to stay above the moving average support, and the price trend remains healthy.

In summary, support level at 104800, resistance level at 105200.

ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level at 2500 and a resistance level at 2520.

LTC: The price has broken below the lower band of the Bollinger Bands, and the short-term market is approaching oversold, indicating a demand for short-term price rebound, with a support level at 92 and a resistance level at 96.

BCH: The price has pulled back to near the lower band of the Bollinger Bands, and the short-term market is oversold, indicating a demand for short-term price rebound, with a support level at 380 and a resistance level at 400.

That's all for now, good night!

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