#万圣节倒计时：抓紧最后机会，享$60,000惊爆福利 Tracking real-time hotspots in the coin 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 get rich 🍗🍗🌹🌹

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Overnight, the three major U.S. stock indexes closed with mixed performance, with the Nasdaq rising by 1.51%, the S&P 500 rising by 0.74%, and the Dow remaining flat. Both the Nasdaq and the S&P 500 indexes continued to hit new historical closing highs. Large-cap tech stocks all rose, with Intel up over 4%, Meta rising by over 3%, Apple, TSL, Google, and Nvidia rising by over 2%, and Amazon and Microsoft rising by over 1%. The Federal Reserve concluded its two-day monetary policy meeting and announced a 25 basis point drop in the federal funds Intrerest Rate target range to 4.5% to 4.75%, marking the second rate cut this year, in line with market expectations. Fed Chairman Powell previously stated that the Fed has made significant progress towards its goal of sustained inflation decline while maintaining the objectives of employment and economic stability. If economic data meets expectations, there may be two more rate cuts this year, in November and December, each by 25 basis points. However, President Trump's re-election may slow the pace of rate cuts for the Fed. Trump's support for increasing tariffs on imported goods from China and tax cuts to stimulate consumer demand could lead to a rise in inflation. Currently, the market has dropped its expectations for a rate cut in December, with several Wall Street institutions predicting 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 upward push at night, with the Trading Volume showing signs of expansion. BTC has broken through the historical high to $76,484. There is not much to say about the technical structure, as it remains on an upward trend both in terms of indicators and various levels. The correction continues to be time-based, providing limited room for retracement and making it difficult for short positions. The recent upward trend remains strong, and the short-term range oscillation is normal. Overall, the trend remains upward. As the market continues to rise, the momentum for adjustment weakens, leading to larger upward movements. Therefore, I still recommend buying on pullbacks in the future.
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ETH rose in the early hours due to the impact of the news, reaching the 2914 level before falling back. In the evening, we also clearly analyzed the technical structure for everyone. Under this market situation, stretching is definitely inevitable. The midnight market also moved in line with our expectations, as there was no strong pressure above the market in the previous session, which means that BTC still has further room to rise. Although the short-term adjustment structure may be somewhat confusing, it seems to have experienced a false adjustment, but its actual impact is limited. A strong market often quickly recovers lost ground after a brief consolidation. It is particularly worth mentioning that the Fed's interest rate meeting held at 3 am is expected to have a relatively small impact on the future market. Therefore, during the period, the market is still expected to maintain a slight retracement and more trends. #Halloween countdown: