market Overview
US stocks
The U.S. GDP in the third quarter was revised upward to the fastest pace in nearly two years. The Federal Reserve's Beige Book confirmed that the economy and prices were slowing down simultaneously. Speeches by several Federal Reserve officials deepened market expectations for a soft landing of the economy and interest rate cuts in the first half of next year. The Nasdaq rose 1% during the session, but eventually the S&P and Nasdaq turned to decline.
U.S. stock indexes are hovering around four-month highs and are set to post their biggest gain in a year in November.
The yield of short-term U.S. bonds plunged again, with the yield of two-year U.S. bonds falling by more than 10 basis points for two consecutive days, and the yield of 10-year bonds fell below 4.3% for the first time since September. The U.S. dollar turned up and broke away from the lowest level in three and a half months, but it will record the largest monthly decline in a year.
(Good for US tech stocks + BTC)
Bets on rate cuts pushed gold to a seven-month high, with futures approaching $2,070. Media reported that OPEC+ was considering cutting production by another million barrels per day, and oil prices rose by about 2% for two consecutive days to a nearly two-week high.
Strategy Update
Overall neutral, with short-term long opportunities
At present, it has reached the bottom of the box in the 15-minute cycle. If the small cycle breaks through the neckline, you can go long. The stop loss is around 36,800 (short-term) and 35,500 (medium-term).
Overall neutral
Follow the trend of BTC, 15min box bottom, long at current price, short-term stop loss at 1990
Neutral to bearish
Volatility weakens, temporarily lacks trading value
It was completely expected that the daily rebound failed and turned into a bearish pattern again. There is an obvious short-selling opportunity in 4h.
Bearish
Yesterday's view: The daily line is currently in a downward relay state, the current price may be 0.29 for shorting, and 0.32 for stop loss.
It is still in the plan and the bearish view remains unchanged.
SSV
More
Yesterday we mentioned that there is a need for adjustment. The adjustment has started. If it is adjusted to 22, there will be another opportunity to go long.
GAS
Bearish
Volatility begins to decline and is about to lose trading value
Hot Projects
Wormhole completed a $225 million financing at a $2.5 billion valuation and announced the establishment of Wormhole Labs;
A whale address withdrew 9070 ETH from OKX 4 hours ago
(Bullish ETH)
According to on-chain data analyst Yu Jin, a whale address withdrew 9,070 ETH (about $18.59 million) from OKX 4 hours ago. The whale address also holds:
A Bitcoin address that has been dormant for nearly 4 years has transferred more than 3,600 BTC, with a floating profit of about $100 million
(Negative for BTC)
Community users discovered that there were suspected problems with the Blast Bridge contract and have issued a warning to Blast
(Bearish blur)
Pop Punk, co-founder of smart contract audit company gaslite, published a post stating that a serious problem was found in the Blast Bridge contract. Blast used comments incorrectly, and these were multi-line comments. It is recommended to stop using them as single-line comments.
