Today, the morning was pretty good as there was no interest rate hike, maintaining the rate at 0.25. I hope Bitcoin can stabilize around 72000 and push towards 74000.

Data will be released at 9:30 PM, but I ended up dozing off and missed it. When I woke up, half an hour had passed, and it had already started to drop, missing the Nasdaq opening.

After reviewing, no interest rate hike is a good thing. The number of weekly unemployment claims is 21.6, which is positive. The PCE annual index is 2.7, unchanged from before, with not much impact, just slightly higher than expected, and the revision from 2.6 to 2.7 isn’t good. The increase in PCE from 0.2 to 0.3 in September may be the reason for the upward revision, which will affect the CPI data and the Federal Reserve's decision. This clearly indicates that inflation is likely to rebound. The Federal Reserve definitely cannot lower by 50, only by 25, and there’s also a possibility of not lowering at all. If they lower by 25, it would naturally be a good thing, but the impact would be much smaller than a 50-point cut. A 50-point cut is unexpected, while a 25-point cut is anticipated. The CPI data is likely to not drop significantly.

The Nasdaq has dropped 2% so far, which is a substantial decline, indicating that the mainstream market in the U.S. also has a bearish sentiment.

I watched for an hour as $ETH dropped continuously, and from the daily level to the 15-minute level, I really couldn't find its support level, it just kept falling.

Let’s wait for the closing, the Bitcoin position at 70900 is very critical.