11.8: Morning Market Overview:

BTC closed as a doji candlestick this morning, hitting a new high of #BTC创历史新高 76849. Ultimately, it was the announcement of a 25 basis point rate cut by Chairman Powell at 3 AM that helped the big coin surge to a new high after 4 AM. Before the 5th, breaking 73K seemed so difficult, and reaching 80K felt so far away. Now it seems 80K is just a simple number; the big coin can easily surge. So the bull market has arrived without any signs of a peak!

Today, the US stock market closed with the Dow Jones showing no increase, while the Nasdaq and S&P both rose. Meanwhile, the dollar index also rose after the rate cut. Additionally, the big coin ETF had a net inflow of 3,130 yesterday, which is indeed 2/3 less compared to the net inflow of 8,970 big coins on the 6th, but this does not affect the big coin's surge.

From Chairman Powell's press conference this morning, it seems that the US has not brought inflation, and the probability of another rate cut in December is almost negligible! In the past, every rate cut would trigger a surge in the big coin; we will see how much increase today’s rate cut can bring, stay tuned!

Yesterday, the target for the big coin was 77041, and after breaking the new high of 76849, it retraced. Today we continue to watch 77041. The bull market has no peak, the sky is high for birds to fly, let the big coin perform as much as it wants! Today is also Friday, and the weekend is coming in the next two days, so beware of a retracement! Set the defensive position at 73024.26. Follow me so you don't get lost; I provide you with the latest information and point analysis every day! $BTC