November 8th

Yesterday's market review

BTC continued to pump after a slight consolidation yesterday. The interest rate cut met expectations and led to a breakthrough in BTC, reaching a high of 76800. It is expected to undergo a slight pullback consolidation during the day, with a corrective market trend. Maintain the upward oscillation trend and hold the position. The daily candlestick level remains healthy, and the weekly chart has formed a golden cross. Hold on with confidence and continue to be bullish in the future.

ETH followed BTC in a pump yesterday and continued to rise, breaking through 2900. A pullback is expected for consolidation during the day, with a short-term pump being faster. It is a complicated market, and it is expected to continue to be bullish in the future. The target range of 2800-3000 has been reached, and buddies who hold it can reduce their positions appropriately and re-enter during the pullback.

In terms of altcoin, follow the mainstream pump, continue to hold SATS patiently, consider closing all positions around 50, PEOPLE's trend is not very healthy, wait for Rebound to see subsequent performance, and continue to hold FTM.

Intraday Market Analysis

BTC 1-hour and 4-hour timeframes have entered overbought territory, with the daily candlestick level above healthy levels. Expect a pullback during the day with upward oscillation. The long-term outlook has not weakened. The support levels for today are 74300-74800, and the resistance levels are 76500-77000.

ETH 1-hour and 4-hour charts are in overbought territory, with the daily candlestick level above a healthy level. Expect a pullback during the day. Those with positions can reduce their positions slightly. Support levels for the day are at 2780-2830, and resistance levels are at 2950-3000.

Today's wealth password: YGG 0.43 short term can be accessed