Market Review
Yesterday, BTC continued to rise, with Trump's election being a major fundamental positive factor, driving BTC to break through new highs, reaching a maximum of 76,400. There will be a Fed meeting in the early hours of today, and a 25-basis-point rate cut is expected, which is also a positive fundamental factor. It is expected that the market will rise again in the evening, with a slight correction and consolidation during the day. For those who have positions, please hold on. The daily chart remains healthy, and the weekly chart has already formed a golden cross, so maintain confidence and continue to be bullish. BTC's twin, ETH, also rose in sync with BTC yesterday, and began to catch up this morning, already breaking through 2,800. It is currently in the overbought zone on the 4-hour chart, and may also see a correction and consolidation during the day, but the positive factors in the evening are likely to continue the upward trend. The current target range of 2,800-3,000 has been reached, and those who hold can consider reducing their positions, and re-enter on dips. Altcoins have also risen in sync with the mainstream, SATS can be patiently held, and consider closing the position around 50. For PEOPLE, the medium-term holding can continue to wait, and FTM should be kept held.
BTC: The 1-hour and 4-hour levels have entered the overbought zone, and the daily level is above the healthy level. Dips to the support level of 73,800-74,300 can be considered for building positions. The long-term outlook has not weakened. Resistance is at 76,500-77,000.
ETH: The 1-hour and 4-hour levels have entered the overbought zone, and the daily level is above the healthy level. Dips to the support level of 2,680-2,730 can be considered for building positions. For those who have positions, please hold on. Resistance is at 2,930-3,000.
