In yesterday's market analysis, I reminded of the daily level reversal of the big cake. I didn't expect that the big cake had not officially started, and the cottage had already collapsed. The main reason was that the number of initial unemployment claims for the week ending November 9 was 217,000, which was lower than the expected 223,000, showing the resilience of the job market. Although the data is good for the economy, it also reduces the need for the Fed to cut interest rates, which is one of the reasons why Powell subsequently made hawkish remarks. From a macro perspective, the strong performance of employment data may continue the tight monetary policy and affect the capital flow in the crypto market. Crypto assets may face short-term volatility pressure.

It's almost the weekend again. When liquidity is low, the dog dealer can play freely, but this week I personally prefer to have a strong cottage performance. When it's not my turn to hold a position, I still have to watch more and do less to avoid making things worse. At the same time, the opportunity to lay out the cottage is coming soon, and the appropriate target will be synchronized in time.

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