Almost fell below the 90,000 mark, will there be more corrections? After reviewing the monetary policy minutes released by the Federal Reserve, I would like to summarize a few key points. Most still believe that a 25 basis point cut is appropriate. If inflation continues to rise, there may be a pause in rate cuts, which is also the reason for the drop to 90.8k yesterday morning. If the unemployment rate rises or the economy slows down, it may accelerate rate cuts. Nothing particularly unusual; a 25 basis point cut in December still has a lot of suspense.

The bull market is still here, so don’t worry. So will there be further corrections? Remember to like, follow, and save this. The key level around 90,000 has been successfully defended, and as of now, there is at least a trend of recovery. It is also evident that the altcoins have started to activate, and we will soon see some movements in the altcoin sector. Last night at 11 PM, the last data for this month, the PCE price index was released, which met expectations and is also a good thing for the crypto community.

In general, the temporary correction belongs to a healthy market adjustment; profit-taking is just a normal occurrence. The bull market doesn't call a peak, and the upward trend has not been damaged. Often, this is the time to watch the altcoins and prepare for the next moves in the altcoin market.

Speaking of something interesting, after CZ came out and saw the meme market booming, he posted a tweet criticizing memes, casually mentioning AI and education. At this time, someone leaked that CZ plans to vigorously develop their own BSC. Shortly after, Binance listed several coins on the BSC chain, and the coins airdropped to BNB holders yesterday were also from BSC. Coincidentally, the post-listing trend was different from previous coins that usually plummeted right after listing; it directly entered an explosive growth mode with little correction. The newly listed token THE was only 0.2 before listing, but last night it reached over 4.1. One BNB airdrop was 1.46 THE, which is quite a profit. For those holding BNB, if you're not in a hurry to sell, it's advisable to keep it in a flexible wealth management product; you might just receive an airdrop snapshot soon. I believe there will be more in the near future.

Returning to today's daily BTC market analysis, from the K-line perspective, the hourly level appears weak and may decline, the four-hour level is on the rise, the twelve-hour level is about to enter an upward trend, and the daily level has not yet exited the downward trend. The intraday resistance is at 98,400, and the support is at 94,000 USD. Note: Today is Thanksgiving, and the US stock market is closed.