Today's currency: Eth News analysis (11.17): According to Powell's speech, the probability of the Fed cutting interest rates in December is relatively low. At present, the economic situation seems to be mainly stable, so the probability of black swan events this month is relatively low, but we must be vigilant against the collapse of US stocks in December.
Today's analysis (11.17): This morning, a wave of decline led by BTC reached a low of 89,360, followed by a wave of upward charge led by SOL, reaching a historical high of 242. At present, BTC is executing a 1h level rise. I personally see the position of 96,000 for this rise, and then there will be a 4h level decline. I personally see 86,000 for this decline. If it falls below 86,000, it will go to the large support level of 80,000.
Technical analysis: ETH has fallen to 3015 many times to test the bottom structure. At present, 3000 seems to be a strong support level. Multiple declines have formed a 4h level quadruple bottom structure. At 7 o'clock last night, there was a wave of upward charge to 3220. The probability of upward rebound is still relatively high. Secondly, if the cottage season comes in December, eth will definitely rebound. At present, eth has not broken through the historical high point, and there is a large profit margin above.
Long eth Open position: 3075 Replacement: 3025 Stop loss: 3000 Take profit: 3155 half position, move stop loss to 3095, corresponding to 96000 clearing of the big cake. (ps: I wanted to share a long position of sol's rising space structure in the morning, but it fell to the right position while I was editing the article. I also entered at 212.3. At that time, I thought it would not break the new high, so I ran at 220. This wave is also a leek)
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.