11.7 US Stocks and Crypto Markets Soar Together, Trump's Election Leads to a New Bitcoin Boom
#BTC创历史新高 #特朗普加密政策承诺 #11月市场预测 #美联储利率决议来袭
Last night, the US stock market experienced a strong upward trend, with all three major indexes setting new historical highs by the close. The Dow Jones Industrial Average surged by 3.56%, the Nasdaq Composite Index rose by 2.95%, and the S&P 500 Index also climbed by 2.53%.
Tesla was undoubtedly the brightest star. Its stock price soared over 14%, reaching a new high since July 2023. This performance not only highlights Tesla's leading position in the electric vehicle sector but also reflects the market's high expectations for Tesla's future development.
The crypto market also continued its recent rebound momentum. Bitcoin, as the leader of the crypto market, has broken through the historical high of $76,000. This breakthrough has not only delighted Bitcoin holders but also attracted more investors' attention. Other cryptocurrencies, such as Ethereum, have also followed suit, reaching new highs recently.
Weekly Analysis. Currently situated between wave 4 and wave 5, it is uncertain whether wave 5 has started, but based on the adjustment range of wave 4, it is at 50% of wave 3, meeting expectations. The later phase is an upward trend, and judging by the current market trends, this expectation seems to be gradually materializing. After breaking the historical high, Bitcoin has experienced some minor pullbacks, but the overall upward trend remains evident. Meanwhile, other cryptocurrencies like Ethereum are also showing strong rebound momentum. In terms of technical indicators, the current MACD's DIF and DEA are both positive, and the MACD histogram continues to expand, indicating that the market is in a bullish trend, but caution is needed for potential pullbacks, with a focus on buying during retracements.
Today's suggestion for BTC is to range between 75800 and 762000, targeting around 75000 to 74500.
Long positions can be entered around 74500, with a short-term target of 76500.
For Ethereum, consider shorting around 2830, targeting around 2690 to 2670.
Long positions can be entered around 2700, with a short-term target of 2800.
—The views in this article represent the author's personal opinion and do not constitute specific trading advice. The article has a delay, and trading based on it is at your own risk. For more real-time analysis and trading strategy information, please click on my profile picture to get it.
