Beware of the market rising and then falling back! 20241107

CN
13 days ago

Good evening, brothers!

The weather has become a bit cooler,

I can no longer wear short sleeves directly these days,

I need to wear a shirt over it.

Tonight, my mom made duck soup and cold spinach,

A simple dinner is also quite filling, haha.

Everything is as usual,

Best.

……

Having previously intervened in the Federal Reserve's decisions, now Trump is "back in the game," and Fed Chairman Powell will have to answer a series of questions about where economic growth, inflation, and borrowing costs will head after Trump returns to the White House.

At 3 AM Beijing time on Friday, the Federal Reserve will announce its interest rate decision, and the market generally expects a 25 basis point rate cut, but the key lies in what kind of policy guidance the Fed will provide. At 3:30 AM, Powell will hold a press conference, and he may try to appear unconcerned about politics, but given the stakes of the election and the potential changes in economic and inflation outlooks due to Trump's policies, investors will be highly alert to the relevant guidance.

BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains strong.

On the daily level, the price continues to stay above the moving average support, and the price trend is strong.

In summary, the support level is 74700, and the resistance level is 75200.

ETH: On the 4-hour level, the price continues to stay near the upper band of the Bollinger Bands, and the price trend remains strong, with a support level of 2810 and a resistance level of 2830.

LTC: The price continues to stay near the upper band of the Bollinger Bands, and the price trend remains strong, with a support level of 70 and a resistance level of 72.

BCH: The price continues to stay near the upper band of the Bollinger Bands, and the price trend remains strong, with a support level of 360 and a resistance level of 390.

That's all for now, good night!

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