On Thursday morning around 5 a.m. Beijing time, Nvidia will officially release its latest financial report, an event that has set off a countdown affecting global market nerves.
Yesterday, Bitcoin, as a leading indicator for the U.S. stock market, initiated a rebound; however, it failed to break through after reaching the 4-hour resistance line, and is currently in a 1-hour correction phase. From a technical perspective, if it can successfully stabilize above the critical resistance level of 94, Bitcoin is expected to gain momentum and attempt to reach the significant threshold of 100,000 dollars.
On the macroeconomic front, multiple positive signals have also emerged: the TGA account has opened up funding expenditures, injecting liquidity into the market; CME data shows that the probability of the Federal Reserve cutting interest rates in December has risen from the previous 42.9% to 48.9%, with expectations for easing continuing to heat up; coupled with Trump's recent revelation that he has selected the next Federal Reserve chairman, further reassuring the market and effectively alleviating concerns stemming from policy uncertainty.
Overall, the long-awaited financial report and macroeconomic catalysts are set to converge soon. What needs to be cautious is that if Nvidia's financial report ultimately falls short of expectations, combined with weak macro data performance, Bitcoin's support level at 89 may struggle to hold, and the market could face significant correction risks, necessitating investors to prioritize risk avoidance; however, based on the forward-looking signals and market sentiment currently being conveyed, the probability of Nvidia's financial report exceeding expectations is higher — after all, it carries the growth expectations of the entire market and is unlikely to exhibit a “disruptive” performance. If the final data meets expectations, the market is likely to welcome a period of respite, and risk appetite may further recover.
