After the downward movements of the last few hours, everyone is half scared of what the market can do in the next few hours.
Everything is at or almost at its maximum, even if it doesn't seem like it, yesterday's correction of BITCOIN was more than expected although, for my taste, it seems to me that we still have a good leg down to bounce back to $80,000...
Perhaps everything has been a preamble to what may happen today, one of the most important companies today, NVIDIA, presents the results of the fourth quarter of 2024.
Analysts have opinions of all colors here, but I have the impression that NVIDIA is going to present good results, or, rather, better than expected. It all seems a bit manipulated and I wouldn't be surprised at all if yesterday's move were simply a strategic move to buy cheaper, waiting for (or already knowing in advance) more than positive results from NVIDIA that would relaunch the SP500, NASDAQ and all the indexes linked to technology upwards. However, the shadow of new tariffs could also appear, making everything stay in a "technical tie" perhaps.
(Source)
If this happens, we will see it in a few hours, I hope that BITCOIN rebounds strongly as well, although the "gap" that we have between $89,000 and $80,000 could ask for the opposite...
With HIVE I have to say that I am more than happy, even though it is also influenced by what BITCOIN does, the bleeding does not seem to affect it as much as other cryptocurrencies. I continue to benefit greatly from the price swings of HIVE on the Internal Market, so I almost wish it would have these fluctuations as I accumulate more and more HBD in my savings account.
Have a nice day.
I too think Nvidia will show good results, they are putting a lot of work into various stuff, doesn't seem a company going bad
Indeed hive isn't gone as bad as others
I think NVIDIA is one of the winners in the coming years, even if there are doubts in the short term.
I am a bit skeptical about Nvidia due to the rough GPU launch. The issues seem pretty bad as the cord issues are still there, and there were more issues on top of it with some it related to drivers.
#hive #posh