Following the latest trends in the world of cryptocurrencies and taking advantage of the best trading opportunities. Today is Friday, November 15, 2024, I am Wang Yibo! Good morning cryptocurrency friends ☀ Hardcore fan check-in 👍 I like wealth 🍗🍗🌹🌹

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During the night, the three main stock indices in the U.S. collectively fell, with the Nasdaq FALLING 0.64%, the S&P 500 FALLING 0.61%, and the Dow FALLING 0.47%. Tesla's fall exceeded 5% and the total market capitalization fell below 1 trillion dollars again. Powell made aggressive comments about "no rush to cut interest rates" in the early hours of this morning, and market volatility in encryption intensified. According to CME's "Fed Watch," there is a 41.3% chance that the Fed will keep the current interest rate unchanged for December, and a 58.7% probability of a cumulative 25-point base rate cut. There is a 29% probability that the current interest rate will remain unchanged for January next year, a 53.6% probability of a cumulative 25 basis point rate cut, and a 17.6% probability of a cumulative 50 basis point rate cut. Powell made aggressive comments about "no rush to cut interest rates" in the early hours of this morning. The U.S. dollar index extended its momentum, briefly crossing the 107 mark during the session and staying near a two-year high. The encryption market has more fall and less rise, and BTC has lost $88,000, outlining a sideways consolidation trend, which may indicate that the market is about to mark the beginning of a key directional choice.
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BTC fell to 88000 in the morning yesterday and quickly recovered to test 92000, the rapid price drops overnight touched the 87000 level, the excitement of longs decreased during the day and the market returned to consolidation at the high level. However, BTC has been continuously pumping and setting new historical highs in recent days. However, after a rapid escalation of any asset, the short-term pullback is a market norm and it is also a key time for risk management. If BTC undergoes a significant pullback, the market is expected to experience consolidation at the high level for some time. From a technical perspective, the four-hour chart shows an increase in BTC volume, but the trend has not stabilized due to insufficient supply afterward. However, the price is close to the medium support level, which is at 92200 resistance, and the support level of 85200 is expected to follow. If the support level is not broken, there will be no issues with the longs trend.
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After rising to around 3200, Ethereum is experiencing synchronized pressure and entering a phase of pullback. Currently, the lowest price has reached around 3057. According to the Candlestick pattern, the price has fluctuated between 3300 and 3000 recently, with several upper shadows. The technical indicator MACD shows negative values for both DIF and DEA, but there are signs of convergence. After this correction phase ends, there will be a bullish trend again, and in terms of the current overall trend, the price rise will not stop here, the rise is not over yet. In the future, we must keep observing the strength of the correction, and the key point is whether the support level of the last bearish line will hold.