11.19: Morning Market Overview:
The big coin closed as a bullish shooting star this morning. Today's market is expected to trend downwards with fluctuations.
In the 4H view, the big coin is still within a symmetrical triangle, it depends on who can break through or fall below the trend line to gain advantage. At the same time, a rising wedge has appeared in the 4H, which is a clear reversal signal. If the 4H closes below 90147, it will again reach the 88789 position.
This morning, USDT increased its issuance on-chain by 1 billion again, totaling 4 billion US dollars during this bullish market period, which is enough to show that the market is still growing; CZ posted on X today that countries are competing to print money to buy Bitcoin as a strategic reserve, and no one can be the last one. Indeed, during this time, various countries are buying BTC instead of hoarding gold, indicating that BTC has formed a tacit understanding among major countries to surpass gold's reserve value! Additionally, the probability of a 25 basis point interest rate cut in December is still rising, and it is expected to be reduced by 75 basis points in the first half of next year; various signs indicate that the cryptocurrency we want is likely to usher in a frenzy after March tomorrow, and currently, next year's prices are at bargain levels, so each pullback gives us a chance to buy tickets to board.
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