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Current Market Context: Ethereum (ETH) is trading at $2.93K with a 24-hour adjustment of -0.75%, maintaining a flowing market value of $353.48B as we enter late December 2025.
The Massive Accumulation Wave: Data Tells the Story
Recent data compiled from blockchain tracking reveals a striking

The cryptocurrency market is experiencing a shift in dynamics, with altcoins playing a reduced role in growth compared to past cycles. Regulatory clarity, capital flow to Ethereum, and on-chain momentum suggest a transition where altcoins, particularly Ethereum, may soon dominate market performance.

The 93000 Level: A Critical Path for Bitcoin's September Movement
Bitcoin's weekly Moving Average 60 has established a significant support zone, with technical projections pointing toward the 93000 level materializing between September 5-11 and mid-September 15. The CME gap at this price level

The cryptocurrency market is bracing for a substantial shift as reports indicate an incoming executive order will permit U.S. pension investment institutions to formally allocate capital into digital assets. This policy development represents a major inflection point that could reshape

The latest Australian economic data sends a clear signal: the door to an interest rate hike cycle by the central bank may soon open. Recently, the sustained strength of the Australian dollar against the US dollar is a market pre-emptive response to this outlook.
Household Spending Data as a Key Turning Point
In October, Australian household spending increased by 1.3% month-on-month, far exceeding the expected 0.6%, with a year-on-year growth of 5.6%, higher than the forecasted 4.6%. This set of data is much stronger than market expectations, reflecting that domestic consumption demand in Australia remains robust.
Buoyed by this, the yield on 3-year Australian government bonds broke through the 4% mark, reaching a new high since January this year. Meanwhile, the AUD/USD exchange rate also rebounded, fully reflecting market optimism about Australia's economic outlook.
Inflation Pressure and Central Bank Policy Direction
Behind all this, inflation remains the core concern. Australia's October Consumer Price Index (CPI) increased by 3.8% year-on-year.

This article introduces the basics of Hong Kong stock trading, including trading hours, holiday market closures, trading rules (such as T+0 and T+3), auction periods and strategies, and the characteristics of Contracts for Difference (CFDs). Mastering these key points is essential for successfully participating in the Hong Kong stock market.

Why are traders all using Fibonacci?
If you haven't used Fibonacci indicators when trading forex, precious metals, or other assets, you might be missing out on one of the most practical tools in the market. Why is this method so popular? Because it helps you quickly identify support and resistance levels, which are key to determining entry points and profit targets.
The underlying logic of Fibonacci indicators is based on a magical ratio—the Golden Ratio. This ratio is not only widespread in nature but also mysteriously appears in financial markets. Traders use this ratio to predict where asset prices might reverse or stall, with a success rate far higher than blind trading.
Fibonacci Chinese Name and Origin
Fibonacci's name comes from the nickname of Leonardo Pisano, an Italian mathematician from the 13th century. He introduced the Golden Ratio, invented by Indian mathematicians, to the Western world, and this ratio is

On Monday, the AUD/USD depreciated mainly due to rising expectations of Federal Reserve interest rate hikes and the Reserve Bank of Australia's maintained hawkish stance. Federal Reserve officials' statements reduced the likelihood of rate cuts, leading to a continued strengthening of the US dollar, while the AUD was limited by a lack of support despite strong domestic employment data. In the short term, the movement of the AUD against the USD will be influenced by market expectations of Federal Reserve policies and global economic data.

The Bank of Japan will hold a rate decision on December 19th, with the market widely expecting the benchmark interest rate to be raised to 0.75%. Although the rate hike has been priced in by the market, the focus is on the central bank's guidance for future policies and the estimated neutral interest rate. Different institutions have varying views on the yen's trajectory, and investors should pay attention to future policy signals to navigate potential market volatility.

The crypto market has experienced multiple bull and bear cycles, and crypto has become an important component of modern investment portfolios. Short-term trading of Bitcoin involves high risk and high reward, suitable for investors with smaller capital. This article explores the definition of short-term trading, suitable participants, trading modes, core indicators, and practical experience, emphasizing the importance of fund management and stop-loss and take-profit strategies to help traders profit in the market.

Basic Concepts of the US Dollar Exchange Rate
The US dollar exchange rate reflects the conversion value of a certain currency relative to the US dollar. For example, EUR/USD=1.04 means that 1.04 US dollars are needed to exchange for 1 euro. When this ratio rises to 1.09, it indicates that the euro has appreciated and the dollar has depreciated; if it drops to 0.88, it reflects euro depreciation and dollar appreciation.
The US Dollar Index is an important tool to measure the strength of the dollar. It is a weighted composite of the exchange rates of the dollar against six major international currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. A higher index indicates a stronger dollar relative to these currencies. It is important to note that central bank policies are not absolute determinants—an interest rate cut in the US does not necessarily lead to a decline in the dollar index; it also depends on whether the countries of the related currencies have supporting measures.
Current Situation and Technical Analysis of the US Dollar Index
The current US dollar index is at a low since November (approximately 1

As the fifth largest trading currency in the world, the Australian dollar (AUD) boasts ample liquidity and low spreads, but has shown a continuous weakening trend over the past decade. What exactly has caused this once-hot commodity currency to fade into obscurity? Is there a rebound opportunity in the future?
Why has the AUD become a "chicken rib"? The real reasons behind its over 35% depreciation over ten years
The Australian dollar's predicament stems from multiple overlapping factors. Starting from a high of 1.05 in early 2013, the AUD/USD has depreciated by over 35% in the past decade, while the US dollar index (DXY) has risen by 28.35% during the same period. This is not only an Australian dollar issue; major currencies like the euro, Japanese yen, and Canadian dollar have also depreciated significantly against the US dollar, reflecting a global strong dollar cycle.
The core reason for the AUD's weak performance lies in its identity as a commodity currency. Australia's economy is highly dependent on exports of iron ore, coal, copper, and other raw materials. When global raw material prices retreat, the Australian dollar exchange rate often

Global financial markets are experiencing increasing volatility, and investment strategies are becoming more diverse. In addition to traditional buy-and-hold approaches, more and more investors are venturing into short-selling. However, as the saying goes: going long yields steady gains but at a slow pace, while shorting offers quick profits but hides risks in the details. Among the many hidden dangers of short-selling, a short squeeze is undoubtedly one of the most alarming phenomena.
What is a short squeeze? The logic behind forced liquidations
A short squeeze, also known as "嘎空," refers to the situation where short-seller investors are forced to buy back their short positions. Simply put, when a stock's price surges rapidly, short sellers face increasing losses and are compelled to cover their positions at higher prices, which in turn drives the stock price even higher, creating a vicious cycle.
Short squeeze events generally fall into two categories: one is a natural rapid rebound in stock price causing short sellers to panic and cut losses; the other is when certain forces deliberately manipulate the stock price to target and trap short positions.

The Federal Reserve meeting minutes show serious internal disagreements over interest rate cuts, leading to market expectations for a December rate cut dropping to 33%. The euro against the dollar declined accordingly, despite improvements in eurozone inflation data, which was pressured by a strong dollar. On the technical side, if the euro falls below 1.1500, it will face greater pressure. Future market focus will be on US employment data and other economic indicators.

Why must investors understand the ROI calculation formula?
Return on Investment (ROI) is a key financial metric that measures investment efficiency, expressed as a percentage representing the return relative to the initial investment. Whether you're managing personal finances, evaluating a company's profitability, or analyzing advertising effectiveness, ROI is an indispensable core indicator. Understanding the logic behind the ROI calculation formula can help you quickly determine whether an investment decision is reasonable.
What is the essence of the ROI calculation formula?
Return on Investment = (Investment Income - Investment Cost) / Investment Cost × 100%
The core of this formula lies in: profit divided by initial investment. Simple and straightforward, but in practical application, the definition of "cost" and "income" often determines the accuracy of the calculation.
Taking stock investment as an example, suppose you buy a stock for 100,000 yuan, sell it after one year for 130,000 yuan, and also receive 5,000 yuan in dividends,

What is the Bias (BIAS) indicator, and why are traders using it?
Bias (BIAS) is a commonly used tool in technical analysis, essentially showing the deviation of the current price from the moving average in percentage terms. Simply put, it reflects how "out of line" the price is — how far it has moved away from the moving average.
Here's a real-world example: In the crypto world, it's common to see a coin surge by 50% in a short period. At this point, retail investors start panic selling, worried that the peak has passed. Meanwhile, others see the sharp decline and begin bottom-fishing. The logic behind these extreme behaviors can be quantified using the Bias indicator.
The core function of Bias is to capture excessive price fluctuations and to identify reversal signals in advance. When the price deviates too far from the moving average, the force to revert back becomes stronger.
How is Bias calculated? A simple formula does the trick:
N-day Bias = ( Closing price of the day - N-day moving average

Bitcoin miners are facing difficulties. With excess computing power and rising costs, many small and medium-sized enterprises are struggling to survive. Some miners are beginning to transition to AI data centers to seek new opportunities and prioritize the use of renewable energy to reduce costs. Those who successfully transition see their stock prices rise, while companies that fail to transition face淘汰. The overall industry is evolving towards a more sustainable direction.