Microsoft's vote did not pass, and the expectations were there, so the impact is limited. Some are asking why the stock market is still falling; it may actually be related to the CPI data to be released by the US at 9:30 tonight, which may affect whether the Fed will cut interest rates in December. The market has again reacted defensively, pricing in advance! Looking at it now, inflation may continue to rise, and investors are worried about no rate cuts. However, I believe that since the core CPI has not changed and the unemployment rate has risen, the Fed cutting rates in December is still possible.
Let's take another look at Bitcoin's data; many investors who entered before the elections are withdrawing, and the turnover of positions is quite high. Although there are signs of panic, the support has not been broken, and the price around $95,000 is still quite stable. Next, we need to focus on the Federal Reserve's interest rate meeting on the 19th.
Hot News:
1. MicroStrategy may be included in the Nasdaq 100 index, expected to trigger $2.1 billion ETF buying.
2. Goldman Sachs CEO: If regulations allow, they will evaluate participation in the Bitcoin or Ethereum market.
3. Messari: Solana's DEX Raydium's monthly trading volume has exceeded Uniswap for the second consecutive month.
4. Ripple CEO: Stablecoin RLUSD has been approved by the New York Department of Financial Services.
5. Binance removes the inscription market, and users can no longer trade inscription assets.
BTC
Currently focusing on H1 resistance 97700-98270. An effective breakthrough forming structural damage followed by a retest to follow up upwards.
Otherwise, if it refuses to distribute, continue downward, focusing on the liquidity raid at the low of 93600. After the raid, accumulation can be bought (recommended right-side trading approach).
If after the raid at 93600 it continues downward, then continue to wait for the buying opportunity at 91000-90000.
ETH
Currently focusing on H1 resistance 3750-3770. An effective breakthrough forming structural damage followed by a retest to follow up upwards.
If it refuses to distribute, continue hunting for liquidity at the 3500 low. After the raid here, accumulation can be bought (recommended right-side trading).
If after the raid at 3500 it continues downward, then wait for the buying opportunity at 3300-3260.
SOL
Currently above 216-219, retest to follow up upwards.
Otherwise, refuse to distribute, continue downward to look at 198-195, while also focusing on the buying opportunity for accumulation here.
The information and data involved in this content are sourced from publicly available materials, striving for accuracy and reliability, but do not guarantee the accuracy and completeness of the information. The content does not constitute any investment advice, and the responsibility for investments based on it lies with the investor!