Track real-time hotspots in the currency circle, seize the best trading opportunities. Today is Saturday, November 9, 2024. I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹


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Overnight, the three major US stock indexes all rose, with the Dow rising 0.59%, up 4.61% for the week; the S&P 500 rose 0.38%, up 4.66% for the week; and the Nasdaq rose 0.09%, up 5.74% for the week, all hitting new historical highs. Among them, the Dow and the S&P 500 both achieved the largest weekly rise since November 2023, and the Nasdaq achieved the largest weekly rise in two months. Tesla rose more than 8%, up more than 29% for the week, achieving the largest weekly rise since January 2023, and its total market capitalization returned to $1 trillion; Google fell more than 1%, while Intel, Nvidia, Apple, Microsoft, Netflix, Amazon, and Meta fell slightly. The encryption market saw both rises and falls, with BTC breaking through $77,100, setting a new all-time high. ETH rose to a high of $2,980.
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After a day of minor fluctuations, the price of BTC finally saw a rebound in the midnight, with BTC reaching a peak of 77113. The daily candlestick once again formed a small doji, maintaining a narrow range of fluctuations. The pumping momentum has slowed slightly, but the overall strong structure is still quite obvious. Currently, there has not been much change in the technical structure. After the adjustment, the daily candlestick has started to rise again, and the momentum correction rhythm has basically passed. The repeated upward trend has laid the foundation for the rise of long positions. There is a high probability that this pattern will continue to short at the highest price. Here, it is important to distinguish between correction and reversal. In a strong market, if it undergoes a corrective pullback, the price will fall and then bounce back, continuing to rise. However, if it is a reversal, once it falls, it will not bounce back and will continue to fall. After confirming the support on the short-term, there is a strong rebound, and the low point of the confirmed support continues to rise, indicating an obvious correction platform. Continuously observing the process of pulling up around the retracement low point is key.
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ETH overnight high reached the 2980 level. In terms of technical structure, it is still continuing the breakthrough on the weekly chart, with strong momentum and no obvious reversal signals. It is mostly a relay continuation signal. Due to the overbought condition of the weekly bullish line, it is advisable to maintain a bullish view for the end of this week and next week. The daily candlestick longs have set sail and continue to rise. In the short to medium term, it is still recommended to stay bullish. However, the one-sided rise may turn into a oscillating rise due to changes in momentum. Therefore, for Friday's Node, it is not advisable to blindly go long like the previous days, but rather to try to go long on pullbacks and look for support. ETH may have another upward push here, with resistance at around 3000~3050 to follow. If it can't break through, there may be a 1-hour pullback to retest, followed by a 1-hour pump to 3000.
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BTC0,14%
ETH0,85%
MEME-2,31%
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