2024.11.8 Daily Market Analysis

Good evening, brothers

Today's Market Review

Last night, Bitcoin reached a price of 76,900 and then began a minor pullback. The prediction of hitting a peak was still followed by a rise of four hundred dollars, as it seeks the integer 77,000. The Federal Reserve's interest rate cut at three o'clock this morning was consistent with expectations, with no changes. The only noteworthy point is that Jerome Powell mentioned there might not be a rate cut in December, which is an important signal. Therefore, today's upward momentum for Bitcoin is directly insufficient. He and Trump are currently at odds, and the dollar opened last night, rising first and then falling.

From now until the 16th, the trend for Bitcoin is generally downward for correction. Today, I will provide support levels for the trend below, and any pullback trend can open positions near these support levels. The bears can also take profits near these indicators.

BTC/73700/71250/69500/66000

ETH/2825/2750/2580/2350

Regarding Spot Market

Still the five recommended in the previous post

pepe hifi fida spell neiro

Among them, the lowercase dog is the smallest. The lowercase dog’s official tweet states a market cap of 2 billion, currently at 1 billion. This position is suitable for entering a small position, and you can add more below 0.002.