Before Japan's interest rate hike, US stocks correlated with Bitcoin/Ethereum plummeted!
Can the market break through after Black Friday?
Federal Reserve's Goolsbee: It is 'crucial' for the Federal Reserve to maintain independence to ensure that monetary policy is formulated without political interference.
First, let's briefly talk about the market after the recent interest rate cuts by the Federal Reserve. Tonight, Nvidia and the major stock indices all fell more than 3%. Similarly, the US stocks opened high while the cryptocurrency market declined. From the perspective of the drop, it indeed suffered. After the interest rate cut by the Federal Reserve, there has not been an ideal rise, yet market sentiment still leans towards a breakout above. The rebound during Friday's Asian session has led many retail investors to hit the buying point.
The US announced tariff quotas for the UK for the first and second quarters. According to the US announcement, trade from the UK within the quota will be subject to a 7.5% tariff.
Back to the chart, the daily line broke below the middle track and did not show a significant rebound. The oscillation and adjustment after the pullback have Ethereum maintaining support at the 3000 mark on the middle track, but it also did not manage to probe higher. From the current structure, if the daily line cannot close above the bottom low, it still leans towards a retreat. At this time, be cautious of the support below, mainly looking at whether Bitcoin can pull back before the close!
The daily big pie rebounded but faced pressure above. The European session suggested a short position in the 92800 area, and after the US session, the oscillation showed a downward trend, ultimately failing to hold the 90000 mark; Ethereum also initiated a short at 3280, probing the bottom at 3050. Before the US stock market closed, it still oscillated. The afterthought is definitely useless!
