market Overview
traditional financial markets
Federal Reserve officials generally spoke dovishly, reinforcing market expectations that the Fed has completed raising interest rates. The three major U.S. stock indexes rebounded collectively, with the Dow Jones Industrial Average setting a new high in nearly four months. The three major stock indexes headed towards their largest monthly gains in a year.
Short-term U.S. Treasury yields plunged during the session, with the two-year Treasury yield falling by more than 10 basis points, hitting a three-month low, and the ten-year Treasury yield hitting a two-month low. The U.S. dollar index hit a three-month low for several consecutive days.
(Positive US stocks/cryptocurrencies)
Crude oil rose by more than 2%, ending four consecutive losses. It closed higher for the first time since the postponement of the OPEC+ meeting, and Brent oil regained the $80 mark. Gold rose more than 1%, hitting a new high in more than half a year.
trading decisions
Review of yesterday’s targets
Strategy Update
Overall neutral
Keep the daily shock pattern unchanged. In the short term, find the low point of the box to enter the market with multiple orders (the current price is enough). Stop loss is around 36800 (short term) and 35500 (middle term).
Overall neutral
Following the trend of BTC, a convergent triangle is formed in the short term, and further breakthrough is expected
bearish
Rebound from weakness, avoid participation
The signs of rebound at the daily level are weak and the short-term rebound has not yet ended. Continue to observe new short-selling opportunities.
bearish
The daily line is currently in a downward relay state. The current price may be 0.29 for short selling, and the stop loss is 0.32.
SSV
More
There is a strong upward trend, and there is a need for consolidation on the daily line. In the short term, around 24.2, you can go long again and enter the market.
GAS
bearish
If the market still maintains a volatile pattern, it will start a new round of decline. Go short at the current price and stop loss at 8.6 in the short term.
coinbase
More
Hot projects
Chaos Labs Launches $20 Million dYdX Chain Incentive Program for Traders and Market Makers
According to Foresight News, on-chain risk analysis platform Chaos Labs announced that it has officially launched the $20 million dYdX Chain incentive program it proposed in early October after combining community feedback. The program is designed to promote early adoption and seamless transition to dYdX Chain , for a period of six months, includes incentives for traders and market makers. 70-85% of a trader incentive program is dedicated to trading activities and 15-30% is performance-based rewards. The market maker incentive plan mainly uses market maker trading volume as the basis for rewards, focusing on those market makers that contribute more than 0.25% of trading volume.
Blast Networks TVL crosses $600 million
On November 29, according to DeBank data, the Layer 2 network Blast contract address launched by Blur founder Pacman currently holds assets with a total value of over $600 million, of which $524 million worth of ETH is deposited in the Lido protocol, and $78.61 million worth of DAI is deposited in the Maker protocol.
Lightning Network ranks first among Bitcoin expansion plans with nearly $200 million in TVL
On November 28, The Block Pro published an article stating that so far, there have been various attempts to achieve Bitcoin expansion. The Lightning Network is Bitcoin’s largest scaling solution, with its TVL reaching nearly $200 million in 2023, primarily due to Bitcoin’s rising price.
Venture capital AC Capital is launching a new $20 million fund with an investment focus on the BTC ecosystem
On November 28, according to Cryptoslate, Web3 venture capital institution AC Capital announced that it is launching a new fund of US$20 million. The fund’s strategic investment focus will be BTC ecological asset investment, non-EVM Layer 1 applications, and chain-independent flows. security layer and user-friendly encryption interface solutions.
