Today's market outlook
The market has basically shown no fluctuations over the weekend. Now that the weekend is over, the market direction is gradually becoming clear.
Recently, the market has been continuously discussing the decreasing likelihood of the Federal Reserve's interest rate cuts in December. Whether the Federal Reserve will cut rates is still up for debate, but I personally think it is too early to discuss the possibility of a rate cut. With the recent end of the government shutdown and the government reopening, the Federal Reserve will assess the economic data during this period to determine if a rate cut will happen in December. Therefore, this is a smokescreen released by the Federal Reserve, and certain players will take advantage of this news to continue their operations, repeatedly harvesting profits!
Currently, from the morning market view, Bitcoin and Ethereum are showing a narrow range of fluctuations during the day. The Bitcoin range is between 94000 and 96500, while the Ethereum range is between 3050 and 3230.
As for operational suggestions, focus on shorting high and longing low, take profits and exit. At this point in time, it is not suitable for holding long positions, as the specific direction has not yet emerged, and it is estimated that there will be some more fluctuations for a while!
