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On February 26th, Tesla China officially announced a new round of financing incentives for its vehicles. Orders placed before March 31st will be eligible for a 7-year low-interest loan on all models. For the three main models, Model 3, Model Y, and Model YL, an additional 5-year 0% interest plan is available, meaning no interest will be paid on the loan. This move is widely interpreted by the industry as another round of "disguised price reductions," aimed at further boosting sales. In January 2026, Tesla China released a similar promotional program, which at that time was valid until January 31st. Data shows that Tesla Chinas total wholesale sales in 2025 were 851,700 vehicles (including domestic deliveries and overseas exports), a year-on-year decrease of 7.08%.Galaxy Entertainment (00027.HK): The Groups adjusted EBITDA for the year 2025 is HK$14.5 billion, up 19% year-on-year. Profit attributable to shareholders for the year is HK$10.7 billion, up 22% year-on-year.Hong Kong Exchanges and Clearing Limited (00388.HK): Driven by the wave of artificial intelligence and other technological developments, global investors interest in Chinese assets has been rekindled, and the participation of mainland Chinese investors has continued to increase, driving a strong performance in the Hong Kong spot market in 2025, with turnover reaching a record high. The IPO market also saw a heated atmosphere. The spot market set several new records in 2025, with the annual average daily turnover reaching a new high of HK$249.8 billion, the average daily turnover in September 2025 reaching a new monthly high of HK$316.7 billion, and a new single-day turnover of HK$621 billion recorded on April 7, 2025.The U.S. savings rate fell to 3.6% in December, the lowest level since October 2022.February 26th - According to statistics and analysis from the China Association of Automobile Manufacturers, in January 2026, Chinese brand passenger vehicles sold a total of 1.329 million units, a decrease of 32.1% month-on-month and 8.9% year-on-year, accounting for 66.9% of total passenger vehicle sales, a decrease of 1.5 percentage points compared to the same period last year.

Bitcoin Must Maintain Support to Avoid Severe Selling Pressure

Alina Haynes

May 11, 2022 10:20

 截屏2022-05-11 上午9.54.38.png 

Spot versus Futures Bitcoin Pricing

Bitcoin is trading nearly 3 percent higher on the day at $31,030 as of 4:45 PM EST (Coinbase). At $30,990, BTC futures trade below their spot counterparts, confirming the pessimistic market mood. When future pricing of a commodity or asset is lower than the spot or live pricing, it indicates that market participants anticipate the item or commodity's price will likely decline in the future.

Technical Analysis of BTC

If we perform a Fibonacci retracement from Bitcoin's price a week ago at around $40,000 to yesterday's lows at approximately $30,000, it is evident that Bitcoin failed to surpass the 23 percent retracement level, which is approximately $32,130, on its rebound higher today. This suggests further price prices are anticipated.

 

If Bitcoin fails to maintain support at $29,00, then $20,000 is a distinct possibility. Even in the worst-case situation, I believe Bitcoin will be able to maintain a value of $10,000. However, if we were to reach that price, it would necessitate a loss of over 60 percent. Bitcoin must therefore maintain its current support to prevent a further carnage and prices not seen since 2020.

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