After the interest rate meeting, the market fell into a temporary favorable situation, not to mention that Powell's speech and the dot plot were not as dovish as investors imagined. Overall, there has been some retreat in the risk market sentiment, especially with a lot of data ahead and uncertainties regarding Japan's interest rate hikes. Both parties agree to formally include crypto assets in the U.S. retirement system. Once the SEC and the Department of Labor modify the rules as requested in the letter, $BTC and $ETH spot ETFs will naturally become compliant assets for 401(k)s, leading to a long-term, stable, and continuous buying force for retirement funds that forms a "slow but never-ending" accumulation power.
BTC Yesterday, the idea provided for everyone was to oscillate around 89000 to 93900. The oscillation range yesterday also bounced back and forth in this area. We are increasingly approaching the time node for a trend change, but considering the weekend market, it is likely to first oscillate and repair. The thought remains unchanged: as long as the position of 89000 does not break, it can gradually raise the bottom to make a small wave of rebound. At the same time, we should pay attention to short-term risks if 93900 does not break, so we will see which way it goes next, with support at 89000-86800 and resistance at 93900-96000.
ETH Yesterday, the idea for Ethereum was to pay attention to whether the position of 3195 could hold. From a daily perspective, it reached the corresponding position and made a slight rebound. Currently, as long as 3155 does not break, it will oscillate upwards. The current market needs to pay attention to whether the four-hour level can continuously raise the top and bottom in an oscillating upward manner to facilitate a relatively healthy market. So to summarize, as long as 3155 does not break, we still see an upward oscillation, with support at 3155-3080 and resistance at 3360-3438#美联储降息 #加密市场反弹 .
The early morning interest rate decision was announced, in line with market expectations of a 25 basis point cut. Here are three key points from the Federal Reserve's announcement: 1. The announcement included the statement, "If there are risks that hinder the achievement of the target, we are ready to adjust monetary policy at any time." This statement can be considered a dovish forward guidance, indicating that if inflation continues to approach the 2% target or if the labor market continues to cool down with an increasing unemployment rate, it will stimulate adjustments in monetary policy. 2. The Federal Reserve announced a short-term bond purchase plan. Although this is not quantitative easing (QE), it is a form of technical expansion of the balance sheet, primarily defensive in nature to prevent insufficient liquidity in the banking financial system. While it won't directly stimulate risk markets like QE does, it does add leverage to the market and reduce risk. 3. Among the few dissenting votes in this vote, Milan still insisted on a 50 basis point rate cut, hence voting against it, while Gulbis and Schmidt insisted on maintaining the interest rate, thus casting dissenting votes.
BTC Overall, the speech in the early morning was like Tai Chi. The thought given to everyone yesterday was that for the trend to continue, we need to pay attention to whether 93900 can hold steady. After a quick spike upward yesterday, it fell back rapidly. The current market still faces a choice of direction. Recently, there isn't much to say about the market, and we can only look at the short term. In summary, as long as 93900 does not break, be cautious of short-term risks, and pay attention to whether 89000 can hold. The main range is between support at 89000-87500 and resistance at 93000-93900-95500.
ETH Ethereum has seen many institutions increase their positions recently, but it cannot withstand the overall industry liquidity drain. The overall market is stronger than Bitcoin, and the resistance level of 3360 still hasn't held. During the day, pay attention to whether 3195 can hold. If it can hold, it may continue to move upward in a range. Support is at 3200-3075, and resistance is at 3360-3430$BTC .
The Federal Reserve's interest rate decision at 3 AM on the 11th is highly likely to result in a 25 basis point cut, with a focus on the dot plot and Powell's speech. 25 basis point cut: 88% No rate cut: 11% 50 basis point cut: 1% The biggest news yesterday was that the United States agreed to sell Nvidia H200 to China, which signifies the continuation of the honeymoon period between the two countries, temporarily alleviating concerns about US-China trade issues, and Trump can still take a 25% cut; in addition, the rising job vacancies indicate that the US economy may not be as bad as previously thought. Moreover, for the cryptocurrency industry, innovation has already begun; today, federally regulated banks in the US are officially allowed to conduct risk-free principal cryptocurrency transactions, meaning banks can now take on some of the work of exchanges to provide cryptocurrency trading. Although this may reduce some exchanges' revenues, it is a positive development for the industry. After all, banks are essentially regulated exchanges.
BTC Bitcoin rebounded quickly yesterday but did not stabilize above the critical level of 93900. However, the bottom at the four-hour level is gradually rising, so the key focus going forward is whether this position will continue on the daily level, in both the main chart and the secondary chart. To continue, it must stabilize above 93900. In summary, as long as it does not break 90,000, it will still oscillate upwards, with support at 90950-90000 and resistance at 93900-97000.
ETH Ethereum's rebound this time is relatively strong. From the current market perspective, there may be a minor pullback at a smaller level, but the pullback will not be significant. The key focus today is the 3200 mark; as long as it does not break below, it will continue to oscillate upwards. Therefore, the recent market fluctuations will be relatively large, so one should be sensitive to market changes, and pay attention to whether the news tonight can drive the continuation of the market. Support at 3200-3140, resistance at 3360-3430
This round of holding SOL has caused me to lose at least $100W, looking back it feels really helpless...
Yesterday morning I opened a coin-based long position, but when I woke up in the morning I saw a door drawn... Forget it, no more to say 😭
From a weekly level, it has reached the supply zone, which is also the neck line of this wave of market, but from a larger perspective, it still hasn't adjusted properly. SOL once rose based on MEME, but now the liquidity in the secondary market and the exhaustion of market funds have led to a lack of liquidity in MEME, so naturally, SOL's advantages and prices are gradually not looking so nice.
In the short term, I personally think 132 is still worth paying attention to for a short trade. If it breaks below 135 and then pulls back, it's fine to exit. One could aim for the position between 136 and 139.
BTC From the perspective of macro market sentiment, it is still manageable, with no significant pessimism. The remaining factor depends on the interest rate meeting early Thursday. From the market's heat map and on-chain capital inflow situation, it can be observed that the funds in the traditional coin circle are gradually drying up, and currently, we still rely on traditional financial institutions. The liquidity in the secondary market is very weak, which has led to a gradual narrow range of fluctuations, also facing directional choices. The immediate rebound mentioned in the past two days will not be very strong. Next, we need to focus on this week's interest rate decision. From the current direction, there is no clear direction; the overall trend remains downward, but it is important to pay attention to the rebounds at the one-hour and four-hour levels. However, the rebound at this position is short-term and does not represent a reversal, so the intraday fluctuation range will still revolve around 89000 to 93000. Therefore, the operations in the next couple of days should focus on short-term trades, with support at 89000-87200 and resistance at 91300-93000.
ETH Ethereum is the same. At the current position, the daily level is about to reach the corresponding resistance. If it does not stabilize above 3217, we still need to be cautious about risks. Therefore, in the short term, this position will still be dominated by fluctuations. Patience is required to wait for the news to land, with support at 3015-2820 and resistance at 3180-3240.
December 11 The Federal Reserve will announce the latest interest rate decision and economic forecast summary;
BTC The sentiment these days is relatively stable, at least it hasn't collapsed during the lowest liquidity period. What investors are most concerned about right now is the Federal Reserve's monetary policy on December 11. A rate cut in December is highly probable, and even Powell cannot prevent it, but the dot plot and Powell's speech remain concerning. The current market is not much different from last week, and there is no negative data; the expectation is still that the Federal Reserve will cut rates in December. However, the main reason for the market's downward adjustment is that the expectations for various data are not good, and the economy may decline. From a technical perspective, Bitcoin has formed a short-term bottom on the daily chart, which we have been emphasizing to pay attention to. The short-term market has been oscillating to the right, and currently, this position on the daily level is not finished yet. Pay close attention to whether it can stabilize at 94,000; if it cannot stabilize, it will continue to oscillate around 89,000 to 94,000. If it can stabilize, it will see a rise, but the strength will not be very strong, oscillating around 97,000 to 98,000. However, after this upward movement, it will still see a downward movement. Therefore, in summary, the day will still mainly consist of oscillation and upward oscillation, with support at 89,000-86,800 and resistance at 94,000-97,200.
ETH The approach for Ethereum is similar to Bitcoin; it is currently repairing the daily chart. At this position, it faces the supply zone below and resistance above. It will oscillate between 2,815 and 3,217. In summary, as long as the four-hour mark of 3,000 is not broken, it will likely oscillate upward. Similarly, the strength after the upward oscillation will not be very strong, and it will see a downward movement, with support at 3,000-2,820 and resistance at 3,215-3,325.
SOL For Solana, this position between 127 and 112 should be noted; I personally believe there will be a rebound at this position. At the same time, attention should also be paid to the top two.
The main reason for yesterday's decline seems to be related to China's ongoing crackdown on cryptocurrencies and the rise in interest rates in Japan. The former is manageable; we can get used to it, but the latter is currently the biggest trouble, especially since Japan's actual interest rates have already risen. Today, Bank of Japan Governor Kazuo Ueda also hinted at weighing the pros and cons of raising interest rates and that he would appropriately raise the policy interest rate when conditions are ripe.
BTC From an overall perspective, the bearish sentiment remains strong. The strength of the rebound indicates that liquidity has not yet caught up. However, after a long period of decline, there has not yet been a significant rebound at this position. It's important to pay attention to the weekly support range between 78500 and 84500. From a daily perspective, as long as this position does not break 84000, it will gradually move sideways and then undergo a small rebound, eventually aligning the indicators with the main chart. Therefore, in summary, the upward momentum at this position will not be large; there is a high probability it will consolidate or continue to test support downwards, with support at 84700-81400 and resistance at 87900-89200-90000.
ETH Ethereum has once again reached the range we previously mentioned, between 2600 and 2800. The turning point for this wave of market activity will depend on whether this range can hold as support. Personally, I believe that as long as this position does not break, one can gradually accumulate some assets and wait for a right-side consolidation and rebound. Its current trend is similar to Bitcoin's. The daily level also needs to move sideways to the right, so in summary, attention should be paid to the phase bottom at this position, with support at 2766-2630 and resistance at 2880-2990.
The beautiful country has extended the 178 exemptions from Chinese 301 tariffs until November 10, 2026. The US stock market will be closed on Thursday for Thanksgiving, and will close early on Friday for Black Friday. The focus remains on the Federal Reserve's monetary policy, followed by tariffs and liquidity.
BTC The weekly review mentioned that there is room for a rebound on the daily chart; after a few days, there has indeed been a relatively good rebound. At the current position, there is still space on the daily level above, but it is important to note that the position of 89300 must not be broken for the trend to continue. Currently, the smaller levels are still moving upwards in a fluctuating manner, but during the day there needs to be some consolidation time. The position above should be observed to see if it can hold above 93900; if it cannot hold, it will move down again. However, in the short term, as long as 89300 is not broken, it will fluctuate upwards. Still, this position is just a rebound, not a reversal. Support is at 89300-88300, resistance at 92300-94000.
ETH If Ethereum follows the strategy I've shared, buying in batches down to 2800 at the current position, it has already gained 15 points. For this relatively illiquid market, it is still acceptable. At the current position, attention should also be paid to the direction of major movements. The current mindset remains unchanged; we need to see if it can stabilize above 3200. If it cannot stabilize, it will move down again. Also, watching below 2800 can be done in batches. In the short term, we need to focus on 2960; it should not break for the trend to continue. Support is at 2965-2875, resistance at 3080-3200.
BTC The position of the big coin mentioned to everyone a couple of days ago needs to focus on the short-term stop and rebound, and it is currently oscillating on the right side. As mentioned yesterday, there is still space above at the daily level, and it remains the same now—the daily level still has space. However, it depends on whether it can extend from this four-hour position. If it does not break 86000 during the day, it will continue to oscillate upward around the upper level. Remember, it's a rebound, not a reversal. At the same time, pay attention to whether it can stabilize at the position of 88900. If it can stabilize, it will open up a small part of the upward space. Support is at 86700-86000-84000, resistance is at 88900-92900.
ETH The support level of 2862 provided to everyone yesterday has reached and rebounded. At the same time, I reminded everyone to pay attention to the resistance above at 2980. After hitting the resistance this morning, it also pulled back. From the current perspective, Ethereum still has room for a rebound at the daily level, but the momentum won't be very strong. At the same time, we need to pay attention to whether it can extend at the four-hour level. The same thinking applies to lower levels; as long as it does not stabilize at 2980, it will once again seek support around 2800 to 2860. If it can stabilize, it is highly likely to move around 3100. After that, it will make a downward move. Support is at 2865-2800, resistance is at 2980-3100.
Last Friday, Williams announced support for the Federal Reserve to cut interest rates in December. On Monday, Waller and Daly also spoke in support of the Federal Reserve's interest rate cut in December. Waller is not worth mentioning, as he is a Trump person. Now that Daly also supports the rate cut, it is better news for the market. After all, this decline started when Powell announced that there would be no rate cuts in December, which was compounded by the U.S. government shutdown. Now that the shutdown has ended, liquidity is gradually returning. The key point is that the number of doves supporting rate cuts has now exceeded half. According to CME's prediction data, the probability of a rate cut by the Federal Reserve in December has exceeded 85%. Therefore, the market is gradually warming up. Not only are U.S. stocks rising, but this week is Thanksgiving and Black Friday, mainly in the first three days. After that, we can take a break, hoping there won't be any unexpected issues.
BTC Yesterday, my thought for everyone was that this position would see a rebound. Indeed, there was a rebound yesterday, reaching the resistance level I provided. Currently, on the four-hour chart, there is short-term resistance. What we need to pay attention to now is whether it can stay above the zero axis on the four-hour level while maintaining the position of 88900. If it can hold this position, there is still room for the daily level. So, in summary, as long as it does not break 87400 during the day, there is room for a rebound, but note that it is just a rebound, not a reversal. Support at 87400-86000-82400, resistance at 89300-91500.
ETH For Ethereum, yesterday's thought was to focus on whether 2950 could hold. Currently, I have been asking everyone to pay attention to the range between 2800 and 2550. This range is still a key area that will determine whether this wave of market action is a bottoming point. Looking at this week, we need to pay attention to whether 2980 can hold. If it can hold, there is a chance to touch the range of 3000 to 3200 again. Support at 2862-2780-2680, resistance at 2980-3070-3200.
November 24 Grayscale is expected to launch the first Dogecoin ETF on November 24;
November 25 The U.S. Bureau of Labor Statistics will announce the September retail sales month-on-month and U.S. September PPI on Tuesday;
November 26 The U.S. will announce the initial claims for unemployment benefits for the week ending November 22 on Wednesday;
November 27 The Federal Reserve will release the Beige Book on economic conditions on Thursday;
BTC Thursday and Friday are Thanksgiving and Black Friday, the U.S. stock market will be closed on Thursday and will open for half a day on Friday, so the main trading days this week will be the first three days. This week may be slightly easier, with Bitcoin's weekly level hovering above 86,000, which means there is still some buying interest in the range of 78,500 to 86,000. Therefore, attention should be paid to this position, and whether the daily level will gradually oscillate to the right. This position can only be seen as a rebound, and the possibility of a reversal is basically nonexistent. So, in summary, as long as 78,500 holds, it will revolve around the bottom for right-sided oscillation, and then choose a direction. Support at 84,500-82,000-78,500, resistance at 88,900-91,800
ETH Ethereum is clearly weaker than Bitcoin and has reached the range of 2,520 to 2,800 as we expected. Therefore, at this position, it is also necessary to consider whether Bitcoin can continue right-sided oscillation around this range. So, unless there are significant surprises this week, it is highly likely to rebound. Pay attention to whether it can break near 2,950, support at 2,700-2,570, resistance at 2,850-2,950
CME's probability of the Federal Reserve lowering interest rates in December has risen to around 71%
BTC Bitcoin has now reached a very important support key area between 78500 and 86400. As long as it doesn't break, I personally believe there will be a small rebound. Therefore, if you are optimistic about this level, you can gradually buy in a little bit. However, even if this level moves up, it is only a rebound, not a reversal. From a technical perspective, this level hasn't completely stopped falling, but a rebound is needed for repair. Currently, it still requires time to adjust, so in the short term, the upward space is limited. Overall, the market will still primarily be dominated by fluctuations and downward movements, as the crypto market is becoming increasingly correlated with the US stock market. So it's important to pay attention to the trends of the US stock market and the upcoming macro trends. From the US stock market perspective, the weekly level is still performing poorly, so the weekend will mainly focus on fluctuations, with support at 822500-78500 and resistance at 86400-88500.
ETH Ethereum's strategy yesterday was to gradually buy within the range of 2820 to 2600, and the current strategy is the same. I personally believe it will fluctuate around this range for some time before making a directional choice. Therefore, from a short-term technical perspective, it hasn't completely stopped falling and is still moving downward. However, from the overall market and the relationship of indicators, a rebound is needed to drive the repair of the market. In the short term, the upward space is limited, but from a medium-term perspective, this level can be gradually monitored, with support at 2670-2600 and resistance at 2820-2930.
After the non-farm payroll data was released, CME's expectation for the Federal Reserve to cut interest rates in December rose from 28.7% to 41.6%. There was hope that NVIDIA's earnings report could boost investor sentiment, as the AI bubble doesn't seem so easily burst. It indeed provided a brief lift, but after the US stock market opened, NVIDIA started to decline, and the entire US stock market saw a drop. Not only did it erase the 2.5% increase of the NASDAQ at the open, but it also fell 2.3% by the close, resulting in nearly a 5% fluctuation in one day, which is quite rare. The released non-farm payroll data is still somewhat favorable for a rate cut in December, yet the market still experienced such a significant drop. Indeed, a drop without bad news is a signal that danger is beginning, often indicating that liquidity has started to tighten.
BTC Currently, Bitcoin's trend remains unchanged, still in a complete downtrend. From a weekly perspective, there is no clear sign of a bottom yet. Next, we need to pay attention to the range of 78000 to 86000 to see if it can hold in this range and potentially form a bottom. Therefore, in the short term, as long as it does not stabilize above 89500, it continues to move downwards, with support at 86300-78500 and resistance at 88800-90000.
ETH Ethereum has reached around 2820 as expected. Next, we can keep an eye on the range below 2800 in batches. In the short term, there is no sign of a bottom, but after such a long decline, we need to pay attention to the short-term bottom, with support at 2820-2600 and resistance at 2930-3000.
NVIDIA's third quarter financial report exceeds expectations, sales are off the charts, and GPUs are sold out. Revenue and profit significantly surpassed market expectations.
BTC Bitcoin is gradually approaching the short-term bottom at this position. For those trading cycles, this position can be monitored in batches. Therefore, it will fluctuate around 87800 to 94000. As long as the position of 87800 does not break, it will gradually move towards the bottom. From the daily chart, there are also signs of gradually bottoming out, along with a double bottom probing. It is unlikely to see a significant rise in the short term; more time is needed. However, I believe that the positions in the short term are cost-effective. In summary, for those trading cycles, every downward probe can be an opportunity to enter in batches, with support at 87800-84000 and resistance at 94000-96300.
ETH BlackRock has submitted a $ETH spot ETF staking application. Ethereum's approach in the past few days has been that the closer it gets to 2800, the more attention should be paid to the short-term bottom. The strategy remains unchanged; the closer it gets to 2800, the more it can be bought in batches. Currently, we need to watch whether a sustained divergence rebound will form at the four-hour level at this position. In summary, pay attention to whether it can stabilize at 3167. If it cannot stabilize, it will still fluctuate around 2850 to 3167, with support at 2890-2820 and resistance at 3100-3210.
BTC After the big pancake filled the gap the day before yesterday, it's clear that there are still some people willing to take positions near this level. The big pancake has retraced about 30% from its highest to lowest point, without a decent rebound. If it continues to move down from this level, it will be approaching a short-term bottom, so we need to pay attention to this position for an oversold rebound after the drop. However, as of now, it still maintains a downward trend, so overall, the day is still dominated by fluctuations. Even if the upward momentum is not very strong, it will still take time. Support is at 90560-86500, and resistance is at 93800-96800.
ETH The thinking for Ethereum is similar; this position is also about to reach the previous round's starting point. Therefore, if this round of market has the opportunity to reach 2800 or even go lower, it can be taken separately. Currently, on a smaller scale, there hasn't been a complete stop to the decline yet, and it needs a little more time. However, in the short term, a rebound due to overselling cannot be ruled out. So overall, the closer this position gets to 2800, the more attention should be paid to the short-term bottom. For the day, as long as it doesn't break 3022, there is room to move upward again, but profits won't be very large. Support is at 3023-2850, and resistance is at 3167-3230-3370.
BTC The gap for Bitcoin has been filled, but currently, there are no signs of a bottoming out. One of the core reasons for the recent increase in market volatility is not only due to insufficient MM depth but also compounded by macro liquidity tightening and changes in capital flows. The current market can be described in one sentence: the water level is shallow, and even a slight breeze can stir up huge waves. Therefore, the short-term market depth decline + macro liquidity tightening makes the market susceptible to amplified fluctuations; the next trend will be determined by QE, with technical analysis serving only as support. Before a signal for expanded balance sheets appears in the U.S., controlling positions and reducing leverage is more important than betting on direction. From a technical perspective, there is still no complete bottoming out; if this week it does not close above 92500, we need to pay attention to the range of 86000 to 78500. Thus, in the short term, holding USDT is better than anything else; the overall direction remains downward, with support at 7500 and resistance at 92500.
ETH Ethereum is currently experiencing a similarly weak rebound; the overall direction remains downward. This position at 3000 needs to be closely watched; if it breaks down, pay attention to the vicinity of 2800. If it approaches 2800, consider buying in batches, with support at 2975-2820 and resistance at 3160-3250.
This week, two important pieces of data are being released, both on Thursday. One is Nvidia's earnings report released early Thursday morning, which is expected to directly affect the recent trends in the AI sector. The other is the non-farm payroll data for September, which was not released due to the shutdown and is now somewhat outdated; however, it should still have some impact on the market.
The fear index fell to 9 yesterday, which is one of the few instances of 'single-digit extreme fear' since the pandemic stock market crash in 2020.
The trade relationship between China and Japan has long been characterized by 'political tension and economic closeness,' especially considering China's statements. While travel and study abroad are discouraged, there has been no direct mention of trade relations.
BTC Bitcoin has ultimately reached around 94,000. This position is also a previous accumulation zone. Considering the release of this week's non-farm data and the market's low panic sentiment, there should be a turning point this week, which will also bring short-term liquidity to the market. From a technical perspective, the four-hour level has shown a departure phase. If this phase does not break through 94,000, one should pay attention to a potential four-hour rebound. For the rebound, focus on the resistance levels between 97,500 and 100,000. If it does not break 100,000, it will continue to trend downward. In summary, if 94,000 is not broken during the day, there will be a slight rebound, with support at 94,000-92,000 and resistance at 97,500-100,000.
ETH In the short term, we are focusing on whether the 3,000 level can hold. If it cannot hold, then the focus will shift to the lower level of 2,800. As long as Ethereum can move below 2,800, long-term positions can be gradually entered. In the larger trend, there has not been a complete stop in the decline, and time is still needed. During the day, one should still pay attention to the four-hour level; if it does not break 3,022, then watch for a rebound at the four-hour level. For the rebound, focus on whether the range between 3,230 and 3,370 can be broken, with support at 3,025-2,820 and resistance at 3,280-3,370.
BTC Due to the decline in expectations for interest rate cuts in December, both the U.S. stock market and cryptocurrencies have plummeted, leading to market sentiment reaching 15, and liquidity has been drained. Even ancient whales are mentioning cashing out on exchanges. Yesterday, the idea shared was that the market would continue to decline as we anticipated. From a technical perspective, the weekly level has now reached the support of the ascending trend line at the weekly level, so we need to closely monitor whether this position can hold. If it cannot hold, we will need to move in the larger direction downwards. However, there is no clear indication of a stop in the decline from both the daily and weekly levels, so from a daily summary perspective, if the position at 1004200 does not stabilize, it will still oscillate and trend downwards here, with support at 97800-95000 and resistance at 100420-103700
ETH From a broader perspective, Ethereum has also not completely stopped its decline. The strong support for Ethereum will be in the range of 2800 to 3000, so currently, we need to pay attention to whether 3165 can hold. If it can hold, it will oscillate around here and may drive a rebound of the moving averages. Watch to see if 3570 can break; if it does not break, we still need to be cautious about the risks, with support at 3165-3025 and resistance at 3425-3580