10.30

In the early morning, the Federal Reserve lowered interest rates by 25 basis points as expected and hinted at stopping the balance sheet reduction in December, but the market reacted mildly. The performance of the US stock market was decent, while Bitcoin continued to decline. The October rate cut had already been priced in, and investors' expectations for another rate cut in December were suppressed by Powell's remarks, especially since he made it clear that rates would not be lowered further unless unemployment rose significantly. Although there are internal disagreements, the overall stance of the Federal Reserve remains cautious.
Returning to the $BTC data level, the price has dipped but the turnover rate has not increased, indicating that the sentiment has not worsened. The main reason is that short-term funds are adjusting while long-term holders remain stable.

BTC
The market has now entered a low emotional state. Currently, Bitcoin is in a wide-ranging fluctuation at this position. What we need to pay attention to is whether the daily level can trigger a rebound to the zero axis as long as it does not break through 107500. It will oscillate around here. At the same time, we need to focus on the weekly level, which should stay above the trend. Since the market currently lacks a clear direction and a narrative that can bring about liquidity growth, if we want to operate in the market now, we should focus on short-term trades. Pay attention to whether 111500 can hold during the day; if it cannot hold, it will go down again. After that, there will be a small rebound, and we will see the strength at that time, with support at 109000-106500 and resistance at 111500-112300.

ETH
Ethereum is currently experiencing a wide range of fluctuations, and the current thought process at this position remains the same. Pay attention to the four-hour level at 3745; as long as it does not break this level, there is a chance to see another upward movement at the daily and weekly levels. However, in the short term, the daily and weekly levels still need to oscillate. Therefore, in summary, Ethereum is expected to have another round of market activity, but this round is likely to be the last wave. Thus, if you believe that there will be one final wave of market activity, you can pay attention to it in batches as it approaches around 3745, with support at 3800-3750 and resistance at 3980-4060-4218.

SOL
Sola's thoughts yesterday were also focused on 190, whether this level can hold. If it can hold, it will move up a bit. Today's thoughts are the same, paying attention to the 190 level. Personally, I believe the daily chart will soon choose a direction. As long as Bitcoin doesn't have extreme market conditions, it is highly likely to break upward.