Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Friday, November 8, 2024, I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and make a fortune 🍗🍗🌹🌹

💎
💎
Overnight, the three major U.S. stock indexes closed with mixed performance, with the Nasdaq rising by 1.51%, the S&P 500 rising by 0.74%, and the Dow remaining flat. Both the Nasdaq and the S&P 500 indexes continued to set new historical closing highs. Large-cap technology stocks all rose, with Intel rising by over 4%, Meta rising by over 3%, Apple, TSL, Google, and NVIDIA rising by over 2%, and Amazon and Microsoft rising by over 1%. The Federal Reserve concluded its two-day monetary policy meeting and announced a 25 basis point cut in the federal funds Intrerest Rate target range to 4.5% to 4.75%, marking the second rate cut by the Fed this year, in line with market expectations. Fed Chairman Powell previously stated that the Fed has made significant progress towards its goals of sustained inflation decline while maintaining employment and economic stability. If economic data meets expectations, there may be two more rate cuts this year, in November and December, each by 25 basis points. However, President Trump's re-election may slow down the Fed's rate cuts. Trump's support for increasing tariffs on imported goods and tax cuts to stimulate consumer demand could lead to a rise in inflation. Currently, the market has dropped its expectations for a December rate cut by the Fed, and several Wall Street institutions predict that the Fed may announce a pause in rate cuts after the next monetary policy meeting!
💎
💎
BTC has been sideways around $75,000 for a day, and now it has launched a night-time upward trend again, and the trading volume is showing signs of expansion. BTC has broken through a new historical high and reached $76,484. There is not much to say about the technical structure. From the indicators and various levels, it still maintains an upward trend. The trend is still a time correction, which will not provide much room for a pullback, and the lower support level will not be easily broken. So, bears can give up. The recent upward trend is still good. Short-term range oscillation is also normal. Currently, the overall trend is still upward. The higher the subsequent market goes, the weaker the adjustment momentum, and the larger the upward amplitude. So I still recommend buying on dips in the future.
💎
💎
ETH rose in the early morning due to the impact of the news, reaching the level of 2914 before falling back. In the evening, we also clearly analyzed the technical structure for everyone. In this market, it is inevitable to see a stretch accompanied by the rise. The midnight market also moved in line with our expectations. There was no strong pressure at the top of the market, which means that BTC still has further room to rise. Although the short-term adjustment structure may be somewhat confusing, it appears to be a false adjustment, but its actual impact is limited. Strong market trends often quickly regain lost ground after a brief consolidation. It is especially worth mentioning that the Federal Reserve interest rate meeting held at 3 a.m. is expected to have a relatively small impact on the future market. Therefore, it is still expected that the market will maintain a slight downward trend in the Bai Ban period after a pullback.