11.8 The Federal Reserve cuts interest rates, Bitcoin breaks through a new high again, and the Ethereum exchange rate begins to rebound again.

CN
5 days ago

Crypto Circle News

November 8 Highlights:

1. According to reports, former CEO Zhao Changpeng received an offer for his stake in Binance.

2. The Federal Reserve cut interest rates by another 25 basis points, directly stimulating a surge in U.S. stocks.

3. The Trump team is considering listing Robinhood's Chief Legal and Compliance Officer Dan Gallagher as a candidate for SEC Chairman.

4. Detroit will accept cryptocurrency for taxes and fees, becoming the largest city in the U.S. to do so.

5. Four entities hold the majority of votes to maintain the decision to rebrand MakerDAO as Sky.

Trading Insights

Satoshi Nakamoto has given grassroots individuals the opportunity to become wealthy! Whether you are an entrepreneur or an investor. To be honest, I personally appreciate this industry and do not wish to see anyone disparaging it. Especially those who make money in this industry yet look down on it. Ask yourself, if there were no crypto circle, would you have the possibility of accumulating wealth and advancing in other industries? Yes! But the probability is getting smaller. The current situation is clear to everyone; the source of opportunities is still more abundant in the crypto circle. As long as you can stay steady and maintain a humble growth mindset, this circle will eventually lead you to wealth.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trading signals from the Big White Community's live trading group this week. Congratulations to those who followed along; if your trades are not going well, you can come and test the waters.

The data is real, and each trade has a screenshot from the time it was issued.

Search for the public account: Big White Talks About Coins

BTC

Analysis

Bitcoin's daily chart reached a new high yesterday, rebounding from a low of around 74450 to a high of around 76850, closing at around 75855. The support level is near the MA7 moving average; if it breaks below, it could drop to around MA14. A pullback can be bought near this level. The MACD shows increasing bullish momentum, forming a golden cross. The four-hour chart has started a consolidation trend, with support near MA14. The bottom could reach around MA30, and a pullback can be bought near this level. The MACD shows decreasing bullish momentum, indicating signs of a potential death cross.

ETH

Analysis

Ethereum's daily chart saw a surge yesterday, rising from a low of around 2700 to a high of around 2915, closing at around 2895. The resistance level is near MA200; if it breaks through, it could reach around 3000. The support level is near the MA360 yearly line; a pullback can be bought near this level. The MACD shows increasing bullish momentum, forming a golden cross. The four-hour chart shows an upward trend, with support near the MA7 moving average; if it breaks below, it could drop to around MA14. A pullback can be bought near this level. The MACD shows decreasing bullish momentum, and short-term buying can be considered around 2877-2830, with a rebound target of around 2940-3000.

Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag; if you have any questions, feel free to consult.

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