Bitcoin is consolidating at the top of its range and this is inspiring traders' confidence in a variety of altcoins.on X that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned that this “should put everyone on recession warning.”to save the bond market as a faster bear steepener — a condition where long-term interest rates rise more quickly than short-term rates — will cause firms to collapse.
On the other hand, if the price continues lower and tumbles below the moving averages, it will suggest that the pair may extend its stay inside the $1,531 to $1,746 range for some more time.) jumped above the $220 resistance on Oct. 2 but the bulls could not sustain the breakout as seen from the long wick on the day’s candlestick.The failure of the bulls to maintain the price above the 20-day EMA is a negative sign. It shows that traders are rushing to the exit.
The critical support to watch on the downside is the 20-day EMA . If the price slides below this level, it will suggest that the bulls have given up. That could open the gates for a possible drop to $17.33.) turned down from $0.27 on Oct. 2 and reached the 20-day EMA on Oct. 4. This is an important level to keep an eye on in the near term.If the price rebounds off the 20-day EMA, it will indicate a change in sentiment from selling on rallies to buying on dips.
Toncoin fell below the 20-day EMA on Sep. 30 and the bears thwarted attempts by the bulls to reclaim the level on Oct. 1.The bears are trying to solidify their position by sinking the price to the 50-day SMA . This level may result in a rebound that is likely to face selling at the 20-day EMA.
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