News analysis: The US GDP growth rate has slowed down slightly, but the unemployment rate remains low, consumer confidence is high, and the economy still shows resilience. At present, the probability of a black swan event seems to be low. The Federal Reserve has kept interest rates unchanged recently, suggesting that there will be no immediate rate hike. Back to the market, the US stock market continued to fall at the opening last night, while BTC rose after 12 o'clock last night, indicating that the current institutional dealers are very serious. ETH rose nearly 100 points after 7 o'clock in the evening, and there will be a 4h level rise around the beginning of December. This rise is expected to start the altcoin season.

Technical analysis: Ordi formed a 4h level triple bottom at 37.6 37.2 36.6. The triple bottom can refer to the bottom structure of ETH from 2111 to 2357 from August 5 to November 5. Due to the altcoin, the bottom structure cannot be guaranteed, so a stop loss must be set.

Long ordi

Open position: 38.5

Restock: 36.5

Stop loss: 33.5

Take profit: 41.5 half position, move stop loss to 38.8, close position at 65

If replenishment is successful, 39.5 half position, move stop loss to 37.3, close position at 65.