Since the early trading session yesterday, Bitcoin has shown strong upward momentum, and we still have profits even after joining mid-way. The bulls have repeatedly broken new highs, with the highest transaction price reaching 76,300 in the last 24 hours as of this morning!

In contrast, the performance of gold yesterday was quite the opposite of Bitcoin.

The dollar has shown strong movement, reaching a four-month high. For buyers holding other currencies, the cost of purchasing gold has become higher. After Trump won the election, the price of gold has been on a downward trend, dropping nearly 3%, marking the largest decline since June 7 of this year.

Now, market investors have turned their attention to tomorrow's Federal Reserve policy meeting, trying to find clues about the pace of interest rate cuts. The expectation of multiple rate cuts this year has been supporting the astonishing rise in prices. The market generally expects that after the Federal Reserve cut rates by 50 basis points in September, it may announce another cut of 25 basis points this week!

How should we view today's market trends?

Firstly, since the daily line closed with a small bearish star after breaking new highs in the early session, we must pay attention to whether there will be a consecutive series of bearish candles during today's downward corrective trend.

Secondly, from the daily perspective, this large bullish candle needs to increase in volume to sustain its movement. I believe that the support level around 73,000 will continue to hold firm. Only for today, from a short-term analysis, prices are likely to pull back from the high.

Therefore, we can consider the support situation at 73 and then choose to go long.