Liquid Capital Founder Optimistic About Market Rebound
- Market Rebound Signals: Liquid Capital founder Yi Lihua stated that there is 'no reason to take profits' after the reopening of the Strait of Hormuz, highlighting the S&P 500 reaching new highs, indicating the rebound's sustainability and potential for growth.
- Continued Bitcoin Purchases: He noted that MicroStrategy has continued its Bitcoin acquisitions, recently disclosing the purchase of 1,287 BTC for approximately $116.3 million between late December and early January, reflecting strong institutional confidence in crypto assets.
- Risk Asset Rotation: Yi emphasized the performance rotation of 'Hawthorn Coin', suggesting an increasing investor preference for risk assets, even as the market faces risks related to fragile shipping flows through the Strait of Hormuz.
- Macroeconomic Outlook: Despite the optimistic market sentiment, analysts warn that shipping flows through the Strait remain 'severely but likely temporarily disrupted', and any renewed blockade could unleash the largest supply shock in history, impacting market stability.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000662 | 0.00000918 | 0.0000117 | 0.0000142 | 0.0000167 | 0.0000193 | 0.0000217 |
| Fibonacci | 0.00000918 | 0.0000111 | 0.0000123 | 0.0000142 | 0.0000161 | 0.0000173 | 0.0000193 |
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