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Will BTC and ETH experience a reversal or a rebound on November 24?
The big pie has returned to 88,000 in the morning. On Friday evening, we mentioned entering a long position near 82,400 in the live broadcast, aiming for a breakout above 86,300 to continue looking towards around 88,000. The speech by New York Fed Chairman Williams was like a shot in the arm, instantly igniting the market's enthusiasm for buying. The dovish signals he released significantly raised the expectations for a rate cut in December, with the probability soaring from 30% to 70%, driving a strong rebound in cryptocurrency prices.
Currently, BTC is fluctuating around 86700, with resistance forming around 88000. This morning, during the Asian session, it retraced to about 85800, forming slight support. If it stabilizes after the retracement, a rebound can still be anticipated.
BTC operation suggestion 85000-85500 long target 87300 breakout to see 88700-89400
ETH trading suggestion 2740-2755 long, target 2860 breakthrough to look at 2896-2930$BTC #非农数据超预期