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Bahrains Defense Forces: Air defense systems intercepted and destroyed multiple Iranian air attacks.September 2nd - my country has achieved a significant breakthrough in key technologies for high-end remote sensing dynamic imaging. Addressing the contradiction between lightweight design, low power consumption, and high dynamic imaging performance urgently needed in fields such as drones, satellites, and robots, the State Administration for Market Regulations Key Laboratory (Optical Sensing and Image Metrology) established at China Jiliang University, in collaboration with Beijing University of Aeronautics and Astronautics and other institutions, conducted technical research to achieve centimeter-level ultra-high resolution 3D imaging under small-scale, low-power constraints. This solves the problem of accurate capture and analysis of scene information for industries such as low-altitude economy and intelligent vision.Reuters witnesses reported hearing explosions in Kyiv.Futures News, September 2nd: Domestic residential gas prices resumed their upward trend in the second half of August, and this upward momentum continued into early September. As of September 1st, the domestic residential gas price was 6197 yuan/ton, an increase of 430 yuan/ton compared to mid-August. Although domestic refinery output increased to some extent in August, overall supply remained slightly insufficient. Furthermore, the continued closure of the Strait of Hormuz and restrictions on traffic flow in the Panama Canal led to insufficient international resource arrivals and high prices, with landed prices rising to around 6800 yuan/ton. Given the overall market context of insufficient supply and continuously rising costs, domestic liquefied petroleum gas (LPG) prices are expected to continue their strong performance in early September.September 2nd - Early this morning (September 2nd) local time, a spokesperson for Irans Hatem Anbia Central Command issued a statement saying that the US military recently conducted airstrikes on multiple military and non-military targets in southern Iran, causing civilian casualties. In response, Iranian armed forces launched attacks on US military bases in the region using missiles and drones. The statement said the attacks caused serious damage to US infrastructure, weapons, and equipment, and resulted in the deaths and injuries of a significant number of US commanders and soldiers. The statement indicated that military action against the US will continue until the US "regrets its actions." The statement also warned that if the US continues its military operations in the region, it will face a "heavier, broader, and more destructive" response; any country cooperating with the US military must bear the resulting "dangerous consequences."

Early Support for ETH and BTC, with US Economic Indicators in Focus

Alina Haynes

Nov 03, 2022 19:39

 截屏2022-11-03 下午7.34.53.png

 

Wednesday saw Bitcoin (BTC) and Ethereum (ETH) join the larger market in the red. The NASDAQ Composite Index, Bitcoin, and Ethereum all fell in response to Fed Chair Powell's news conference. Nevertheless, the technical indications continue to be optimistic, indicating upward price trends. On Wednesday, Ethereum (ETH) fell 3.80%. Reversing Tuesday's gain of 0.32%, ETH closed the day at $1,518.

 

After a turbulent morning session, ETH recovered to a high of $1,622 by late afternoon. ETH surpassed the First Major Resistance Level (R1) at $1,606 prior to falling to a late low of $1,506. ETH ended the day below $1,520 after breaking through the First Major Support Level (S1) at $1,556 and the Second Major Support Level (S2) at $1,535.

 

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On Wednesday, the price of bitcoin (BTC) plummeted by 1.63 percent. BTC ended Tuesday at $20,165, a decrease of 0.04% from its opening price.

 

BTC rose to a high of $20,817 in response to the FOMC Statement, following a range-bound morning. BTC surpassed the First Major Resistance Level (R1) at $20,686 before falling to an intraday low of $20,086. BTC went below the First and Second Major Support Levels (S1 and S2) at $20,327 and $20,154, respectively.

 

In accordance with forecasts, the Fed raised rates by 75 basis points on Wednesday. The FOMC Statement hinted at a likely policy move in December, lending credence to December Fed pivot wagers. The Rate Statement pushed BTC and ETH to their daily peaks.

 

However, Fed Chair Powell dashed prospects for a reversal, citing excessive inflation and the need to continue forward. Powell remarked that the "final level of interest rates will be higher than anticipated."

 

As a result, the NASDAQ Composite Index fell 3.36 percent, sending BTC and ETH into the negative.

 

Today, attention will be on US factory orders, jobless claims, and the ISM Non-Manufacturing PMI. We anticipate the PMI and its subcomponents to have the most effect.

 

Due to the sensitivity of BTC and ETH to US economic statistics and the FED, the correlation with the NASDAQ Composite Index remains intact. The NASDAQ 100 Mini was up 35 points this morning.


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