Fed Governor Waller seems to be "hinting" at potential rate cuts, stating that if inflation continues to fall, there may be a reason to cut rates in a few months, and this is unrelated to economic pressure. Meanwhile, the hawkish Fed Governor Bowman continues to consider the option of raising rates, believing that if progress in fighting inflation stalls, further rate hikes would be supported. The revised annualized quarterly GDP growth rate for the third quarter in the United States came in at 5.2%, exceeding the market's expected 5%; the core PCE annual rate for October in the United States matched expectations at 3.5%, marking a new low since April 2021. San Francisco Fed President Daly stated that it is still too early to judge whether the Fed has finished raising rates, and that there is currently no consideration of cutting rates; New York Fed President Williams believes that the current interest rates are at or near their peak, and stubborn inflation may require further rate hikes.

Bitcoin saw a small correction with a small bearish candlestick yesterday, closing out the month with a slight retreat and forming upper and lower shadows. The monthly chart shows a continuous upward trend, and our long positions in the intraday market are still holding for a rise. The daily chart has seen two consecutive days of consolidation and correction, with 38,500 being a strong resistance point in the short term. It is highly probable that the weekly chart will close with high-level volatility until the range is broken, so we will patiently wait for the bulls to gather strength and break higher, which may happen next week. The bullish trend remains unchanged, with short-term slowing down for consolidation and correction. Pay attention to whether the correction method is a retracement or a lateral consolidation. In the Asian market, the trend from yesterday's low opening to high closing continues. The strategy and operation remain to short in the intraday and boldly go long on the pullback in the evening, with a focus on shorting at the 38,000-38,200 range, targeting around 37,500, with a primary focus on going long on the pullback.

From a technical perspective, the four-hour chart shows a local pause for consolidation and correction, with consecutive pullbacks testing the breakthrough of the support below, but yesterday's retracement failed to continue after touching the 37,442 level, leading to a stop-fall rebound and correction transition. Today still holds suspense, whether it will continue to rise strongly or end with consolidation and correction, with 38,000 as the dividing point. As long as the pullback does not break the trend line, the bullish view remains. Conversely, if it breaks below, it will form a correction, which means a pullback in space. I still maintain the view of not breaking and not establishing, and personally tend to continue to reach higher after a weak consolidation and correction. In the early trading session today, there will be another rebound test, so the operation should refer to the 38,000-38,200 range for direct shorting, with an initial target around 37,500, and immediately go long on the pullback.

Short Bitcoin in the 38,200-38,000 range, with a target of 37,500 and defense at 38,550.

Long Bitcoin in the 37,450-37,600 range, with a target of 38,300 and defense at 37,200.

Short Ethereum in the 2,100-2,090 range, with a target of 2,050 and defense at 2,125.

Long Ethereum in the 2,050-2,065 range, with a target of 2,120 and defense at 2,025.

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