Friday's non-farm data showed that the seasonally adjusted non-farm payrolls increased by 12,000, far below the expected 113,000. After the data was released, the US dollar index fell sharply by over 30 points, while non-US currencies generally rose, and Bitcoin experienced a surge of over 1500 points at one point. Although the Federal Reserve attributed part of the data's weakness to one-off factors, this weakness indicates that the Fed will continue its easing cycle in next week's meeting. Despite the data's volatility, a rate cut of 25 basis points in November is already clear.
Bitcoin surged overnight and then pulled back, continuing to fluctuate in the short term. The Saturday daytime is expected to have no clear trends, so patience is advised while waiting for the right entry points. Support is at 69500/300, and one can go long around this level, targeting 70500; if broken, switch to a short position, treating it as a range-bound fluctuation. #美国大选后行情预测 #非农就业人数大幅降温 #你问我答 #MtGox转移BTC #BTC $BTC $ETH
A good meal is worth the wait, and it's a good time to eat meat 🥩 Last night, it was already indicated that the 70,000 mark would be difficult to hold, so the short-term direction is obvious. The operation becomes clear and simple. Successfully took two short and one long positions during the day. 800 + 1000 + 700 = 2500 points profit!
Even bulls get tired sometimes; a bull market will naturally be accompanied by pullbacks. If you can't grasp the direction, it will be difficult to make a profit. Follow the right people and do the right things. #BTC #美国大选后行情预测 #市场关注美国非农数据 #下一BTC历史新高是多少? #比特币白皮书16周年 $BTC $ETH $BNB
November, autumn deepens and winter arrives. May you still be wrapped in love during the coldest season of the year, may you have enough good moods and new encounters, and just continue to live happily.
Bitcoin, after a significant overnight drop, formed a waterfall effect. The lowest point in the market dropped to the 69,680 line, and at the close, it did not continue the bearish trend but rather hovered around the 70,000 mark. This point also coincides with the 30-period moving average on the four-hour chart, indicating uncertainty in the short term, with a need for a correction. Therefore, I personally believe that today's operation will still be a bearish consolidation, so it is advisable to short on rebounds, and only set up for a long position when there is a clear signal of a bottoming out.
11.1 Bitcoin trading strategy: Short at 708/710 with a stop loss at 715, target 695; if it hasn't broken down before the European market opens, consider reversing to go long. $BTC $ETH #美国大选后行情预测 #市场关注美国非农数据 #TIA超大额解锁 #BTC挑战历史最高价 #比特币白皮书16周年
With great fear and trepidation, only Li Run is the true path!\nRecently, the weather has been great, and the number of friends paying attention to coin ⭕ has also increased significantly. Due to limited energy, those fans who haven't caught up with the 🚗 car, please don't worry, I will arrange it as soon as possible.
The Bollinger Bands for large pancakes are flat for one hour, Hangqing has entered a stage of volatility, with short-term pressure at 72700 and support at 71700. For today, first refer to the resistance level for long positions and short positions, entering around a hundred points above and below to seize the opportunity.
Approaching 24,000 units! The Shanghai real estate market is generally warming up
On October 31, Jinshi reported that it has been a month since the new round of real estate policies was announced at the end of September. Under the continuous effect of the new policies, the overall Shanghai real estate market showed a warming trend in October. According to the latest data from the Shanghai online real estate website, on October 30, the transaction volume of second-hand houses (including commercial) in Shanghai was 944 units. As of now, the transaction volume of second-hand houses in Shanghai for October has reached 23,699 units, and breaking 24,000 units is almost certain.
"Is the 'crypto world' about to welcome a big investor? A recent document disclosed by the U.S. Securities and Exchange Commission (SEC) shows that tech giant Microsoft, with a market value exceeding $3 trillion, is considering entering the Bitcoin space. Microsoft's continuously improving financial performance has satisfied investors for several strong reasons. The primary reason is that Microsoft's ecosystem ensures its complete moat and absolutely unique strategic positioning. The integration of productivity and business processes with cloud products provides comprehensive solutions for individuals and enterprises. Microsoft's ability to seamlessly integrate its services gives the company several competitive advantages.
What has passed is time, what has been observed is the market, what has been tasted is gains and losses, what is reflected upon is the gains and losses, what is settled is experience, what is achieved is realm, the myriad feelings of bitterness, spiciness, sourness, and sweetness are overwhelming; if one remains indifferent, does not compete with the market, then one can navigate the chaotic market with everything under control and move forward steadily. Conversely: if one only craves profit, ignores risk, is aggressive and combative, and insists on holding on until the end, then failure is inevitable. A good strategist does not boast of great military achievements! Market trends are ever-changing; only by keeping pace with the times and following the trend can one stand firm.
The big cake is really retreating. Pay attention to whether 710 can be held. If it can be held, then it will be calm. Otherwise, adjust and go short! $BTC
Fasten your seatbelts, the US GDP will be the first to "explode" the audience tonight!
In the third quarter of this year, the US economy seemed unstoppable and dodged another "bullet".
According to market forecasts, the data released by the US Department of Commerce on Wednesday will show that the gross domestic product (GDP) in the third quarter increased at a strong annualized rate of 3% after seasonal adjustment and inflation adjustment, unchanged from the previous value. If this expectation comes true, it will mark the 10th consecutive quarter of expansion of the US economy.
At the same time, the market also expects that the report will show that the core PCE price index in the third quarter will slow sharply from the previous value of 2.8% to 2.1%, close to the Fed's 2% inflation target. The Fed uses the PCE price index included in the GDP estimate as its main inflation indicator.
Another driver of the Fed's policy rate cut is inflation, and the core PCE price index in the second quarter is likely to get closer and closer to the Fed's target.
In fact, Citigroup expects US GDP growth to be lower than expected, at only 2.6%, but expects the inflation indicator for the quarter to reach the 2% target, a figure that may help to solidify Fed officials' decision to only cut interest rates by 25 basis points next week.
Gold hits a new historical high, the U.S. reaches a historical high, and Bitcoin is also approaching a historical high. What has happened? Why is capital aggressively buying BTC?
With only one week left until the 2024 U.S. presidential election, the current global economic, financial, trade, and geopolitical situation is filled with uncertainty. Therefore, this U.S. election will have a significant impact on the capital markets and the future global landscape. In this context, safe-haven assets like gold and Bitcoin are favored by investors, with both prices continuously rising, becoming the preferred choice for capital preservation.
Analysts at StarEx Exchange believe that the continuous decline of U.S. Treasury bonds has led to soaring yields. Meanwhile, the continuous rise of gold, Bitcoin, and U.S. stocks is a pricing response to the ongoing expansion of U.S. debt and persistent inflation, especially since trillions of dollars are at stake.
From the perspective of the global economic environment, major economies are also facing severe challenges. The high inflation issue in the U.S. has not yet been resolved, while Europe is plagued by an energy crisis and inflation. Economic growth in emerging market countries is slowing, and debt issues are becoming increasingly severe. Under this global uncertainty, the demand for safe-haven assets in the capital markets is becoming stronger. Gold, as a traditional safe-haven asset, has once again attracted significant capital inflow, while Bitcoin is gaining more recognition as it is viewed as “digital gold.” As Bitcoin continues to rise, Bitcoin ETFs have also seen massive inflows of capital.
The capital markets are increasingly worried about Trump's election. Trump's economic policy has always centered on “America First,” particularly his proposed tariff policies which, if implemented, would lead to higher import costs, thereby pushing domestic prices up and exacerbating inflationary pressures. At the same time, his labor policies, such as deporting illegal immigrants, could lead to labor shortages in certain industries, further increasing corporate costs and indirectly raising prices. To address these issues, Trump tends to rely on the Federal Reserve to cut interest rates in order to ease economic pressures through monetary easing.
Currently, the Federal Reserve is in a dilemma facing both inflation and economic growth pressures. Rates and ETF trading volumes are still below the levels of March 2024, which means the crypto market is still waiting for a boost, namely Trump's confirmed election. It is certain that Bitcoin will break $100,000 and enter a long-term bull market.
The large pancake has continuously closed with strong gains on the daily chart, reaching a high of 73660 so far, only 200 points away from the historical peak. Currently, the bulls are very strong, market sentiment is also very high, and the price of the currency is soaring with no signs of waning momentum.
Looking at the four-hour chart, the currency price has skyrocketed by 7000 points from around 67000, with consecutive strong gains leaving the bears with no opportunity in sight. The moving average indicators have also diverged upwards since forming a golden cross at the beginning of the week. Currently, the currency price is hovering around 72500, stabilizing slightly in the short term. Specific operations suggest short-term support at 72000-71800. If it reaches this area during the day, then chase the gains, targeting 74000. If there is no good position, it is best to wait and observe. $BTC
According to the British "Guardian" report on the 28th, when talking about the similarities between the style of American billionaire Elon Musk and the superhero and megalomaniac "Tony Stark" he played in Marvel series movies such as "Iron Man" and "The Avengers", the famous Hollywood actor Robert Downey Jr. said in an interview that he hopes Musk can control his words and deeds.
According to reports, Downey was asked directly on a podcast show recently about his views on Musk's "cosplay Iron Man Tony Stark" in real life. He responded: "I've only met him a few times. As a nearly 60-year-old white American male, I just hope he can control his words and deeds a little, but it's not my responsibility." However, although Musk has been controversial recently, Downey still appreciates his contribution to the technology industry. "I know that the idea of 'as long as we can go to Mars, anything is fine' doesn't hold water for me. But you have to look at everything he has done, which proves his value." Entering the 2024 US presidential election cycle, Musk has clearly supported former US President and Republican presidential candidate Trump. While donating at least $75 million, he recently announced that "one person will be given $1 million every day" to encourage registered voters in swing states to sign his petition, which also triggered a "illegal" warning from the US Department of Justice. #BTC $BTC
The past is carried by the wind, the future flows with fate.
Yesterday, the Bitcoin bulls traveled the Silk Road, with a peak at 73,760 in the early hours. In front of the market, there were 71,000, with two thousand seven points of liquidity, very strong.
Be decisive in strength, Bitcoin today aims for near 72,000, with a target of 74,000. Ethereum sync at #BTC $BTC