Monday morning, big cake, concubine, strategy sharing
After the price of Bitcoin experienced an intraday correction and stabilized at the 89,400 level, the market rebounded again, and the current price fluctuated narrowly around 91,200. For several consecutive days, the cross star K line appeared on the daily chart, showing signs of high-level consolidation. At the weekend, the price retreated after a second surge, and finally closed with a cross-shaped small negative K line. At present, the daily chart shows a horizontal consolidation pattern, which is a normal adjustment after a series of large positive lines. The price is stable above the moving average, and seeks balance in frequent ups and downs.
From a technical point of view, the price fell below the 90,000 mark yesterday. Combined with the indicator analysis on the daily chart, corrections may be required in the short term. In short-term trading, the price failed to continue to break through the integer mark of 92,000. In short, the current market volatility has intensified, and it may show a trend of shock consolidation in the short term. Investors need to pay close attention to changes in indicators and flexibly adjust their operating strategies.
BTC short-term: retracement to 89000-89500, target 92000, ETH short-term: retracement to 3030-3000, target 3100
Federal Reserve Chairman Powell: The surge in immigration has made the economy bigger, so let's wait and see if we can cut interest rates!
Federal Reserve (Fed) Chairman Powell poured cold water on market expectations of another interest rate cut in 2024, declaring that the U.S. economic situation is good and there is no rush to cut interest rates.
Reuters, CNBC and other foreign media reported that on November 14, Powell gave a speech to business leaders in Dallas, pointing out that the US economy is growing strongly and there is no sign that the central bank needs to cut interest rates in a hurry. "Given that the economy remains strong, this allows us to make decisions carefully." Powell also gave an optimistic assessment of the current situation, saying that US economic growth "is by far the best in the world."
Friday night, big cake, concubine, strategy sharing
This week's market performance was strong, setting a record high. Despite local adjustments, the overall upward momentum remains strong. Although price fluctuations have been amplified, they have not had a substantial impact on the bullish trend. Funds continue to pour in, driving the market to continue to rise. It is expected that the future market will continue to maintain an upward trend,
Market sentiment remains strong. There may be a certain correction in the short term, but the long-term positive tone will not change. Overall, this round of market is still worthy of attention and participation. The mid-term is expected to rise to the range of 95,000 to 100,000. The recent hourly moving average has shown obvious support and lifting effects.
BTC short-term: retracement of 90,000-89,500, target 93,000,
Tuesday Afternoon Big Cake, Concubine, Strategy Sharing
Yesterday's market can be summed up in one word: "refreshing". In just one day, the price surged crazily, and the big cake is about to break the 90,000 mark. When the wind power arrives, one must know how to seize the opportunity. Don’t think that buying at high positions is a bad idea; the current market hasn’t even gone through its full potential, and we don’t know how high it will fly. Do not short, do not short, do not short.
From the overall performance of the technical framework, the results far exceed expectations. On the daily chart, a strong bullish candlestick continues to rise, and the bullish pattern remains firm, indicating an upward trend. Before favorable news is released, a large-scale clearing of bullish energy is not expected. The current market clearly shows a strong upward momentum, leaving almost no opportunities for correction. Both the daily and weekly charts have released upward space; in such a market situation, we must remain rational. During the correction, it is a good opportunity for us to buy in; we must closely monitor market dynamics and seize every opportunity!
In the right wind, one must also find the right direction; it's not about exploring everywhere. By the time you realize it is the right wind, it may already be too late. #牛回速归,晒晒你的持仓? #DOGE看涨情绪飙升 #加密货币总市值破3万亿美元 #DOGE飞”狗“在天
Will the Fed pause interest rate cuts this year? Powell is about to speak, providing important clues.
Last week, driven by multiple factors including the U.S. election situation and the Fed's interest rate cuts, all three major U.S. stock indices posted gains, with the Dow Jones and S&P 500 both increasing by over 4.6% for the week, marking the best weekly performance in nearly a year. The Nasdaq, which is dominated by tech stocks, saw a cumulative increase of over 5.7%.
Last week, international oil prices rose by more than 1%.
Regarding oil prices, due to Hurricane 'Rafael' still having some impact on oil production in the U.S. Gulf of Mexico, last week, both the main contracts for U.S. oil and Brent oil rose by more than 1%.
This week, the U.S. October CPI and PPI data are in focus.
Turning our attention to this week, the U.S. October CPI data set to be released on Wednesday and the October PPI data on Thursday are closely watched by market participants. Wells Fargo economists expect the year-on-year increase in the U.S. October CPI may rise from 2.4% in September to 2.5%.
After four years, the cryptocurrency market welcomes a bull market again. Some may still be unaware, while others have already enjoyed the first wave of market dividends. Are you on the bus this time? Bitcoin still refuses to correct; it dipped to a low of 78500 at dawn, which is 500 points off our estimated support. It is currently pushing for a new high, quickly recovering after breaking down, indicating that the medium-term upward trend remains unchanged.
At the start of the week, the market welcomed an upswing, providing us with positive signs. The market highs are continuously being refreshed, and the support levels are steadily rising. On the daily chart, a series of bullish candlesticks demonstrate a strong one-sided trend. The principle of 'not calling the top' still applies in a bull market. A large influx of capital into the market drives the price of currencies to keep rising. Rapid declines in the early session are usually hard to sustain, often leading to rebounds after quick corrections. If we can break through the low of the Asian session, the downward momentum will greatly weaken. Therefore, a bullish strategy is advisable at the opening.
With the news of Mr. Chuan winning the election, the price of Bitcoin has soared, breaking the important threshold of $80,000 and increasing by over 4% within the day. In the afternoon, various cryptocurrencies became active, and the gains further expanded. By 8 PM, Bitcoin successfully stabilized above $80,000, marking a historic first breakthrough; simultaneously, the price of Ethereum rose to 3,200 points, setting a new record since August.
From a technical analysis perspective, Bitcoin's upward trend at the daily level has not yet ended, with bullish forces and formations showing continued strength. In the short term, a limited pullback is expected, and significant volatility is unlikely. Within smaller time frames, the stability at the 78,500 point has gradually emerged. Currently, one should temporarily set aside excessive judgments about short-term trends to avoid missing opportunities. Continue to focus on the resistance level above at 82,000, while the short-term support level is at 78,000. If planning to buy, it is advisable to wait for a price pullback to this position before proceeding.
BTC: 79,300-78,800 Long Target 81,000-82,000
ETH: 3,180-3,150 Long Target 3,300-3,500
Current state is hot, the market is following the trend, and Wansen is always online.
During the weekend, the price of the pancake once surged to a high of 80200, and Ethereum also set a new record, reaching 3241. There is a risk of a pullback and significant drop in the short term. Market opportunities are everywhere, but if you lose your principal, no amount of opportunity will be relevant to you. We must respect the market's rhythm and avoid going against the trend. Currently, this round of consecutive rises is similar to the A-shares' movement on the eve of National Day, indicating the establishment of a trend. Just as the A-shares experienced a consolidation period after rising and have not yet broken through the 3700 points. However, the cycle we are focusing on is relatively short, so after a pullback, the upward trend will be clear, and this should undoubtedly be a consensus at present.
The problem is that friends who haven't boarded don't know how to get on. It keeps rising, but you have to understand that the market cannot just keep rising like this, so a pullback is normal and necessary; this is a healthy increase. Just like the first wave of hitting a new high at 73600, you thought a pullback to 70000 was the bottom, but it ended up at 66810. This wave surged up to around 80000; how much will it pull back? It's unclear, so hold your spot well!
Heavy news at midnight! The Federal Reserve cuts interest rates by 25 basis points! U.S. stocks rise
On November 7, the U.S. Federal Reserve decided to lower the benchmark interest rate by 25 basis points to 4.50%—4.75%. This is the Fed's second rate cut of the year. However, with Trump being re-elected as President of the United States, the Federal Reserve will face more pressure. Recently, whether it is employment data or inflation data, it seems that the Federal Reserve is not very satisfied—significantly lower than expected non-farm data, rebounding CPI, and core PCE exceeding expectations. In terms of employment data, the U.S. non-farm payrolls in October plummeted to 12,000, far below expectations, and the non-farm employment numbers for August and September were also revised down, totaling a revision of 112,000 jobs.
Long positions can be exited, and short positions should observe. Now, the vote counting for the US election is in Republican states. Bitcoin is rushing towards 75600, and only when Trump is finally elected will it be the last madness. #BTC创历史新高 #美国大选后涨或跌? #美国大选后叙事观察 #BTC触及7W5
The peak stands tall, the lakeside offers a way back, some things don't need to be held onto too tightly. Climbing the mountains alone makes the journey feel arduous; walking together, supporting each other, makes the journey feel easy and pleasant. However, the mountain top is filled with howling winds, yet the scenery is enchanting. The script for reaching the summit has long been finalized, and the dreams that can be reached with just an outstretched hand.
Has everyone taken off yet? This market is a no-brainer, just grab it if you can, releasing 3 short-term trading spots in the morning, don’t miss out!! Those who understand, understand #美国大选后涨或跌? #美国大选后叙事观察 #加密市场急升
Wednesday, early morning big pie, aunt, strategy sharing
Bitcoin has successfully broken 70000, and the news from the US election has been dampening bullish sentiment. Next, continue to pay attention to the pressure situation in the 70500 - 71000 range, if the upward momentum is strong, pay attention to 72000. Ethereum's recent performance has been too weak, pay attention to whether it can break 2500, if it breaks, it can look towards 2550. BTC short-term: 69500-70000 long, target looks to break 73600 ETH short-term: go long at 2440-2460, target looks to break 2770 Short-term continuous success, no matter how many detours have been taken, friends who are not good at short, medium, and long-term operations, retail investors still need help to recognize Wan Sen.
Results from the first polling place on U.S. election day: Harris and Trump are tied
On November 5th local time, the town of Dixville Notch in New Hampshire announced the voting results of 6 registered voters, with Harris and Trump tied at 3 votes each.
At midnight Eastern Time on November 5th, voters in Dixville Notch, New Hampshire, were the first to cast their ballots, marking the official start of voting for the 60th U.S. presidential election.
Tuesday, early trading, big cake, concubine, strategy sharing
As the results of the US election are about to be announced, the Bitcoin market will rise dramatically. Long-term investors do not need to wait and see, but can directly enter the market. The results may be announced that night. Remember when Trump was elected last time, the market went from the upper limit to the lower limit, and many people were liquidated within a day, so hold on and remember the market sentiment.In the four-hour chart analysis, the bearish force shows signs of decline, while the bullish force gradually grows. The price has reached the solid bottom support area of 67,200 points. , especially near the key support level of 67,000 points. However, there is also a downward trend. When the key node arrives tomorrow, only looking at the sentiment and not the analysis will break through 73,600.
Trivia about the U.S. Election: If Trump Loses, How Many Years Will His Felony Charges Result In?
Although the market has quietly believed that Trump is likely to return to the White House, the election has never lacked stories of absolute counterattacks, so the discussion about where Trump would go if he loses has never stopped. Pace Law School constitutional law professor Bennett Gershman stated that if Trump loses, he will face serious legal risks. He will have to bear the consequences of four very serious legal cases, one of which he has already been convicted of as a felon, and the other cases could easily lead to his conviction. If he loses, Stanford Constitutional Center researcher Matthew Seligman believes that given the serious charges against Trump in the January 6 case and the solid evidence, he may be detained during the appeal process. He also speculated that Trump could be arrested and imprisoned as early as the end of next year.
Harris did not expect that at the end of Biden's political career, he would fire the "final shot" for Trump
As the U.S. election enters a heated stage, an unexpected political twist quietly unfolds, adding many highlights to this election. In this tense competition, an inadvertent mistake became the key to changing the situation, and the originator of it all was none other than the soon-to-be-former President Biden. Harris may also find this unexpected.
According to detailed reports from (Fox News) and BBC, Trump’s campaign team held a grand rally in a sports arena in New York on the 27th, U.S. time. To liven up the atmosphere, the team specially invited a comedian, Chappelle, to perform. However, this actor made racially discriminatory remarks and inappropriately mocked groups including Black, Latino, and Jewish people in front of a large audience.
Trump believes he is 'significantly ahead' in polls
【US media: Trump believes he is 'significantly ahead' in polls, but rarely admits he could lose】According to ABC News on November 3 local time, former US President and Republican presidential candidate Trump revealed in an interview that he believes he is 'significantly ahead' in the polls. When asked if he thinks he might lose, Trump stated 'it's possible'. #非农就业人数大幅降温 #你问我答
Under the looming risks of upcoming events such as the Middle East situation, the U.S. elections, and the FOMC meeting, the direction of Bitcoin is becoming increasingly unpredictable in the short term. The election is on November 5th this week, and the results may be announced that evening. Remember how the market reacted when Trump was last elected? It went from limit up to limit down, and many were liquidated in a single day.
Weekends are typically the time of lowest liquidity, but this weekend's performance has been quite turbulent. As expectations for the election change, Harris's chances of winning have caused panic among some investors. Currently, it seems that Trump still has a high chance of winning, but until the moment it starts, the outcome is uncertain. From the four-hour market view, Bitcoin has not reached a peak of 69,500, so we need to observe the resistance level in the 70,000 - 71,000 range!