Bitcoin holds on to $66,600, where is the pressure? TSMC ADR surges 10%, US chip stocks carnival

Bitcoin basically fell in a volatile market yesterday, and tested the $66,600 level several times in the late evening to early morning (18th) today, quickly rising upwards, and as of the time of writing, it has successfully returned to $67,550, down only 0.23% in the past 24 hours. However, it is still not possible to judge that the Bitcoin correction has ended, unless Bitcoin can stabilize above $67,800 and continue to break new highs recently, otherwise there is still the possibility of another decline, investors should be careful about the risks. Ethereum's trend is similar to Bitcoin, and as of the time of writing, it is temporarily reported at $2,616, up 0.12% in the past 24 hours. TSMC ADR led the gains, and the Dow Jones hit a new high On the US stock market, benefiting from TSMC's impressive Q3 earnings report released at the earnings conference yesterday, TSMC ADR soared by more than 12% last night, closing up 9.79%, driving the collective rise of chip stocks, the Philadelphia Semiconductor Index closed up nearly 1% on the 17th, and the Dow Jones closed up 0.95%, hitting a new historical high. Over the past 24 hours, the total amount of cryptocurrency liquidations across the network has exceeded $158 million, with nearly 55,000 people being liquidated.