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Needs to call for more effective, proactive fiscal policyTo continue to expand domestic demandTo implement appropriately loose monetary policyWill ensure liquidity conditions remain ampleWill keep yuan exchange rate basically stableTo improve energy security, stabilise property market and price of agricultural productsTo orderly resolve risks related to local government debtThe readout reaffirms their existing policy path but there is a subtle leaning towards favouring stabilisation and security. If anything, that suggests a more consolidative tone in being more guarded against the narrative of a global growth slowdown. That especially as the US-Iran conflict has threatened the world economy on multiple fronts.But if anything, it reaffirms that Beijing is continuing to hold more easy policy in general to try and stimulate the local market environment. Trying to prop up domestic demand conditions remain their biggest challenge and will continue to be the case in the years to come still. That ever since the collapse of the property market since the Covid pandemic.
This article was written by Justin Low at investinglive.com.
💡 DMK Insight
China’s push for proactive fiscal policy could impact SOL’s performance significantly. With SOL currently at $83.71, traders should consider how broader economic policies can influence crypto demand. If China’s fiscal measures successfully stimulate domestic demand, we might see increased liquidity flowing into risk assets like cryptocurrencies. This could lead to upward pressure on SOL, especially if the yuan stabilizes as intended. However, if these policies fail to materialize or lead to unintended consequences, we could see a pullback in crypto markets, including SOL. Keep an eye on the yuan’s exchange rate and any announcements regarding local government debt, as these could serve as catalysts for price movements. Watch for SOL to test key support levels around $80. If it holds, that could signal bullish sentiment, but a break below might indicate a bearish trend. Also, monitor any shifts in trading volume, as spikes could indicate institutional interest or panic selling, both of which will affect SOL’s trajectory in the coming weeks.
📮 Takeaway
Watch SOL closely around the $80 support level; a hold could signal bullish momentum, while a break might lead to further declines.
