#比特币突破新高$75K，下一站$80K? Tracking the real-time hotspots in the currency circle, seizing the best trading opportunities. Today is Friday, November 8, 2024. I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and make a fortune 🍗🍗🌹🌹

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The overnight closing prices of the three major US stock indices rose and fell. The Nasdaq rose 1.51%, the S&P 500 rose 0.74%, and the Dow Jones remained flat. Both the Nasdaq and the S&P 500 continued to hit new record closing highs. Large-cap tech stocks rose across the board, with Intel rising over 4%, Meta rising over 3%, and Apple, TSL, Google, and Nvidia rising over 2%, while Amazon and Microsoft rose over 1%. The Federal Reserve concluded its two-day monetary policy meeting and announced a 25-basis point interest rate cut, lowering the federal funds interest rate target range to 4.5% to 4.75%. This is the Fed's second rate cut this year and is in line with market expectations. Fed Chair Powell previously stated that the Fed has made significant progress in achieving its goals of lowering inflation while maintaining employment and economic stability. If economic data meets expectations, there may be two more rate cuts this year, in November and December, each with a 25-basis point cut. However, President Trump's election may slow down the pace of rate cuts by the Fed. Trump's support for increasing import tariffs on Chinese goods and tax cuts to stimulate consumer demand may lead to a rise in inflation. Currently, the market has lowered its expectations for a rate cut in December, and several Wall Street institutions predict that the Fed may announce a pause in rate cuts after the next monetary policy meeting!
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BTC has been consolidating around $75,000 and is now launching another nighttime rally, with Trading Volume showing signs of expansion. BTC has broken through a historical high, reaching $76,484. There's not much to say about the technical structure, as it remains bullish in terms of indicators and across all levels. The correction is still time-based and does not leave much room for a significant decline. The downside support is also unlikely to be easily breached, so short positions can be abandoned. The recent uptrend remains strong, and the short-term range-bound volatility is relatively normal. Overall, the trend is still upward. The higher the subsequent market goes, the weaker the adjustment momentum, and the greater the upward potential. Therefore, I still recommend buying on the dips in the future.
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ETH rose in the early morning due to the impact of news, reaching the 2914 level before pulling back. In the evening, we clearly analyzed the technical structure for everyone. In this market, stretching is definitely inevitable. The midnight market also followed our expectations. There was no strong resistance at the top of the previous market, indicating that BTC still has further rise potential. Although the short-term adjustment structure may be somewhat confusing, appearing to be a false adjustment, its actual impact is limited. Strong market trends often quickly regain lost ground after a brief consolidation. It is worth noting that the Fed interest rate meeting held at 3 am is expected to have a minor impact on the future market. Therefore, during the Bai Pan period, the market is still expected to maintain a slight retracement followed by more trends.