Before Japan's interest rate hike, US stocks correlated with Bitcoin/Ethereum plummeted!
Can the market break through after Black Friday?
Federal Reserve's Goolsbee: It is 'crucial' for the Federal Reserve to maintain independence to ensure that monetary policy is formulated without political interference.
First, let's briefly talk about the market after the recent interest rate cuts by the Federal Reserve. Tonight, Nvidia and the major stock indices all fell more than 3%. Similarly, the US stocks opened high while the cryptocurrency market declined. From the perspective of the drop, it indeed suffered. After the interest rate cut by the Federal Reserve, there has not been an ideal rise, yet market sentiment still leans towards a breakout above. The rebound during Friday's Asian session has led many retail investors to hit the buying point.
The US announced tariff quotas for the UK for the first and second quarters. According to the US announcement, trade from the UK within the quota will be subject to a 7.5% tariff.
Back to the chart, the daily line broke below the middle track and did not show a significant rebound. The oscillation and adjustment after the pullback have Ethereum maintaining support at the 3000 mark on the middle track, but it also did not manage to probe higher. From the current structure, if the daily line cannot close above the bottom low, it still leans towards a retreat. At this time, be cautious of the support below, mainly looking at whether Bitcoin can pull back before the close!
The daily big pie rebounded but faced pressure above. The European session suggested a short position in the 92800 area, and after the US session, the oscillation showed a downward trend, ultimately failing to hold the 90000 mark; Ethereum also initiated a short at 3280, probing the bottom at 3050. Before the US stock market closed, it still oscillated. The afterthought is definitely useless!
Finally, I wish everyone a happy weekend…$BTC $ETH #加密市场反弹
The market rebound is weak, and the Ethereum that has dropped so much is also consolidating, with the key moments being tonight and tomorrow's Black Friday
After the daily Bitcoin/Ethereum has dropped so much, is everyone still holding their positions?
Tonight at 22:15, I will be live streaming as usual, and the number of comments in the comment section will determine if I can start the broadcast early...$BTC $ETH
The Federal Reserve's meeting ends, Wall Street shouts "Christmas"
Trump expressed dissatisfaction with the rate cut, believing it should have doubled to 50 basis points; was this shout of any use?
The overall market tone after the Federal Reserve meeting is "cautiously bullish"
The so-called 25 basis point cut by the Federal Reserve, decided at the concluded meeting, sets the rate to 3.5%-3.75%, with the voting result (9:3). It is well known that the Federal Reserve has approved the third rate cut this year and is expected to slow down the pace of future cuts, with only one rate cut expected next year.
To put it simply, the Federal Reserve's rate cut again is just in line with expectations, while the securities market is demanding larger and faster cuts, thus the stimulus for the US stock market remains relatively restrained.
The rate cut announced at three in the morning completely aligns with expectations; the market already knew the favorable news in advance, which does not count as real good news. It is not just a normal rise in line with the Federal Reserve; the law of reinforced concrete is (favorable news is just for show).
After the meeting, returning to the market, BTC has not been able to break through the high-pressure zone of 95000. A slight rebound from minor favorable data through news can be considered normal, especially since market sentiment has been so intense. In reality, it still broke below yesterday's starting point of 92000, with the lowest dipping below the 90000 mark.
In the early morning live broadcast, the thought process showed BTC at 93600 directly dropping. After the US stock market closed, the daily line fell back to 89300, with ETH similarly ambushing at 3430-3440. The live broadcast indicated that if the minor level dips below 3330, one could directly look at the 3200 mark. The so-called trading is about going with the flow and waiting for the trend! $BTC #加密市场反弹
The positive news has basically been released ahead of expectations, and various news data align with expectations. Remember one thing: the market is not warming up at the moment; the logic within a short-term range can be executed!
The last rebound after the meeting ended, the live room entered at 3440 Ethereum, with Bitcoin at 93600 also happening simultaneously. Don't panic because market sentiment is overly optimistic.
The impact from the news has finished, and we return to the market. Tonight, execute in the 3320-3250 range, and for Bitcoin, execute in the 92300-91500 range. Before the four-hour closing, positions can also be sold. Everything else should be managed according to the positions to protect your points!
Don't look at the market - defense must be in place!
The three points of the Federal Reserve are not key; the main time is around 3:30. A rushed pace is useless; the lack of movement in the U.S. stock market before the opening until now is normal, waiting...