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Indicator Signals Caution For Bitcoin Holders, Bulls Beware?


After a few days below the mid-range in the $50,000 zone, Bitcoin has retraced. At the time of writing, BTC trades at $54,137 with sideways movement in the 1-hour chart, approaching correction levels in the 24-hour chart. Certain indicators point to more depreciation, at least, in the short term.
BTC with moderate losses in the daily chart. Source: BTCUSD Tradingview
The crypto market appears to be negatively reacting to statements from the U.S. Secretary of Treasury, Janet Yellen. The top 10 cryptocurrencies by market cap are in the red except for Dogecoin (DOGE) with a 30% profit in the daily chart and Litecoin with a 3.1%, at the time of writing. In the traditional market the hit was just as painful, according to Holger Zschhaepitz: ....

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Dow Jones Steady amid Tech Rout, Will ASX 200, Hang Seng Follow?


Dow Jones Steady amid Tech Rout, Will ASX 200, Hang Seng Follow?
DOW JONES, NIKKEI 225, ASX 200 INDEX OUTLOOK:
Technology stocks plummeted, pulling down Wall Street benchmarks from recent highs
Rising commodity prices bolstered the energy and material sectors, underpinning the Dow Jones index
Hang Seng and ASX 200 opened mixed as investors awaited Powell’s testimony for clues about policy guidance
Tech Rout, Yields, Commodities, Powell Speech, Asia-Pacific at Open:
Asia-Pacific markets are poised for a cautious start on Tuesday following a mixed session from Wall Street. The closely watched US 10-year Treasury yield climbed to a fresh 12-month high of 1.394 before pulling back to 1.367 this morning, setting a sour tone for risk assets. Yields across the globe are rising on inflation expectations and reflation hopes as vaccine progress and an impending fiscal stimulus package bolstered the likelihood of a post-Covid recovery. Higher yields may have under ....

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