🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
💬 Stay clear-headed in a bull market, calm in a bear market.
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⏰ Event Time: Nov 5 10:00 – Nov 12 26:00 UTC
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Good morning, the interest rate cut last night did not have too much impact on the market. The second rebound of BTC started on the 6th and rebounded to around 117300 yesterday afternoon, forming a relatively complete rising channel before starting to adjust. The interest rate cut was announced early this morning, in line with market expectations. Since it was already known information, it's not news. Moreover, the favorable information brought by the interest rate cut has already been realized in advance. After the decline yesterday afternoon, the landing of the interest rate cut brought a rebound. It is expected that after the rebound, the market is still likely to continue to decline. However, it is necessary to note that the downfall of ETH started on the 13th and completed the last wave of adjustment early this morning. This wave of decline that started on the 13th has formed an extended downtrend and is already complete, leading to the rapid pump this morning. It is expected that today will still show a fluctuating rebound trend, which will provide some resistance to the decline of BTC. The rebound pressure mainly lies in the 4630 range. Once the fluctuating rebound is completed, it is expected to sync down with BTC. Of course, if it breaks down again below 4430, the market will end the rebound and restart the decline.