The market's current fear index has reached around 20, which is on the edge of extreme panic. The overall market sentiment is very negative, and long orders have basically been wiped out. The market urgently needs some favourable information to stop the fall. Tonight's ADP employment data is hoped to bring some favourable information to ease the market. The release of the ADP employment data will also influence the interest rate cut decision in December, so everyone can follow it.

Last night, the market experienced another deep fall. The price of Bitcoin dropped to a low of 98888 around 5 a.m., which is a very intriguing number. Then, around 9 a.m., it fell again to this position before starting to rebound. Therefore, the effective support for Bitcoin is currently around 99000, but there is still no sign of a long order trend, and the long order trend remains pessimistic.
Ethereum has reached a low near 3050. In the blink of an eye, Ethereum fell from 4700 to 3000, nearly a 2000-point drop, which was also caused by institutional selling. After the drop, Ethereum has rebounded nearly 300 points. It's too late to chase a long order now; let's wait for the next opportunity. Currently, the K-line trend of Ethereum resembles a 2B upward pattern, with resistance for the rebound around 3340. Observing the 1-hour level boll, this downward trend has been suppressed by the middle track, and it still appears to be under that pressure.

Big market movements always come in the deep of night, as a qualified trader, you should be aware of this. $BTC $ETH #广场发币瓜分千U奖池