The market's "hawkish" interpretation of Federal Reserve Chairman Powell's latest statements may be a misjudgment. Barclays believes that what Powell really wants to do is correct the market's excessive confidence that "interest rate cuts are a done deal."

After the October FOMC meeting, the Federal Reserve Chairman stated at a press conference that inflation still faces upward pressure in the short term, the job market is at risk of decline, and the current situation is quite challenging. There is still significant disagreement within the committee about whether to cut rates again in December, and a rate cut is not a certainty. The market interpreted these remarks as hawkish, leading to a sell-off in 2-year U.S. Treasury bonds, a significant rise in yields, and a decline in U.S. stocks.

BTC: On the 4-hour chart, the price continues to stay below the middle band of the Bollinger Bands, and the price trend remains weak.

On the daily chart, the price continues to be suppressed by multiple moving averages, and the price trend is weak.

In summary, the support level is 109600, and the resistance level is 110000.

ETH: On the 4-hour chart, the price continues to stay below the middle band of the Bollinger Bands, and the price trend remains weak, with a support level of 3830 and a resistance level of 3860.

LTC: The price continues to stay below the middle band of the Bollinger Bands, and the price trend remains weak, with a support level of 93 and a resistance level of 96.

BCH: The price continues to fluctuate near the middle band of the Bollinger Bands, and the price trend is average, with a support level of 540 and a resistance level of 570.

That's all for now, good night!

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