cnh

The Renminbi quietly strikes back! #CNH breaks through 7.06, $USDT shorts are being wiped out!\nLet's take a look at the market situation: the offshore Renminbi (#CNH ) has risen from a high of 7.4 in April to 7.06, reaching a new high in a year! Those who firmly believed that the Renminbi would break 7.3 have been forcibly liquidated! Long-term holders of US dollars, especially those holding shadow dollars $USDT , are passively losing when valued in Renminbi!\n\n🤯 Why is the Renminbi suddenly so strong? (Threefold synergy)\nThis appreciation is different from previous interventions by the central bank; it has been chosen by the market itself! Data shows that the closing price rose first, and the mid-price just adjusted accordingly, indicating that market funds are genuinely buying Renminbi!\nSince the beginning of this year, the US dollar index has fallen nearly 10%. Expectations for US interest rate cuts continue to strengthen, leading to arbitrage funds closing positions and resulting in the passive weakening of the dollar. During this down cycle of the dollar, the Renminbi has become the brightest currency among emerging markets!\n\nThe appreciation of the Renminbi significantly strengthens the A-shares market, with the Shanghai Composite Index breaking through 4000 points (a nearly ten-year high). Chip and CPO tech stocks are soaring. The attractiveness of Chinese assets has significantly increased, foreign capital's risk appetite has returned, and funds are actively flowing in, causing the Renminbi to appreciate naturally. At the same time, real demand is strong, and companies are buying! Businesses are willing to exchange US dollars for Renminbi (the net trade settlement rate is rising) and are also willing to lock in future Renminbi exchange rates (hedging ratios have risen to 10%). This indicates that companies are bullish on the future trend of the Renminbi!\n\nGoldman Sachs reports that for every 1% appreciation of the Renminbi against the US dollar, China's stock market can rise by 3%. In particular, state-owned enterprises with dividends and leading AI firms will be the first to benefit.\n\nFor us players in the cryptocurrency space, this wave of Renminbi resurgence and policy trends brings dual risks to holding $USDT, such as shadow dollars.\nExchange rate loss: With the long-term appreciation of the Renminbi, holding $USDT (US dollars) long-term means you are effectively bearing the loss of dollar depreciation (when valued in Renminbi).\nRegulatory risk: The central bank and thirteen departments have joined forces to crack down on virtual currencies, officially bringing stablecoins under regulatory scrutiny! $USDT has been included in the foreign exchange management framework, and future exchanges of virtual currencies will be a key target for crackdown! At the same time, the costs and risks of exchanging USDT for Renminbi in the over-the-counter market will also increase.

#USChinaTensions
Tensions between the United States and China are escalating, which is directly reflected in the financial markets and global currencies. In this charged atmosphere, the USD/CNH pair is experiencing clear fluctuations with a tendency favoring the dollar as a safe haven amid these geopolitical tensions.
Historically, whenever disputes between the two economic powers have escalated, investors have turned to safe assets, leading to pressure on the Chinese yuan against the US dollar.
It is important to monitor upcoming data and political statements, as any new developments could lead to rapid changes in market direction.
Stay informed, as the situation can change at any moment.
#USChinaTensions #USD #CNH #تحليل_فني

#USChinaTensions
Tensions between the United States and China are escalating, which is directly reflected in the financial markets and global currencies. In this charged atmosphere, the USD/CNH pair is experiencing noticeable volatility with a tendency favoring the dollar as a safe haven amidst these geopolitical tensions.
Historically, whenever disputes between the two economic powers have intensified, investors have turned to safe assets, leading to pressure on the Chinese yuan against the US dollar.
It is important to monitor incoming data and political statements, as any new developments could lead to rapid changes in market direction.
Stay informed, as the situation can change at any moment.
#USChinaTensions #USD #CNH #تحليل_فني

the bullrun will occur tf 1b indicates chart #CnH at $BTC , the peak possibility of btc could reach $150,000, stay #dyor ....

$BTC according to this chart, BTC should correct soon to form the pattern #cnh , heading to $150,000