It was almost impossible for the price of CNY to fall while the price of NT$100 rose in the past, but it was particularly obvious this week. Today, it broke through the high of recent months to around 3727.
Last week, we basically did not buy more NT$100, because it could not rise. CNY had risen to such a level, while NT$100 was still fluctuating below 3500. This week is different. I have repeatedly reminded people to make up for the rise, and when giving long orders at the current price, I also reminded people to buy more NT$100 at the same time.
From the current trend, after breaking through and stabilizing 3500, NT$100 has further consolidated its bullish position, and the daily line is also rising continuously. In particular, the rebound after hitting the support of 3030 several times this month directly opened up the two meridians of bulls. In terms of structure, the overall continuation potential of the daily line is good, and it is expected to continue to hit 3880-3900 next, so it is still possible to buy more NT$100 in the short term.
After the correction last week, the daily line of Bitcoin rebounded twice; according to the original plan, we were going to deploy mid-term long positions after the price fell back to 89,500-90,000, but unfortunately we didn't get the chance. This week, the lowest price rebounded near 90,800, and the highest price yesterday was above 98,600; in the past two days, we also did short-term long positions many times, including three public current price long positions at 95,200/95,700/97,000, directly receiving more than 5,000 points.
For the next Bitcoin, I still hold a bullish view. The Federal Reserve is likely to cut interest rates in December, and Bitcoin will also usher in the real 100,000 mark in December!