The Federal Reserve's interest rate cut in November remains a high probability event. The U.S. September CPI data did not significantly impact rate cut expectations, and this week's unemployment claims data exceeded market expectations (hurricane) which may be a contributing factor. Given the Fed's current focus on employment far outweighs inflation, a 25 basis point cut in November remains the baseline assumption, but attention should be paid to the possibility of rate cuts next year not meeting expectations.
According to EmberCN monitoring, Ethereum co-founder Vitalik sold 6 types of MEME tokens 10 hours ago, and in the past 2 hours, he sold another 8 types of MEME tokens, exchanging them for 651.4 ETH (approximately $1.61 million).
SUI broke through $2.19, reaching a new all-time high, with a market cap surpassing NEAR, and its cryptocurrency market cap ranking rising to 22nd place. Technically, it is possible for it to rise to $3 or even $4 without falling back to $2.19.
Bitcoin's weekly chart has not yet formed a definitive pattern, but last week it broke below the BOLL middle band along with a candlestick engulfing pattern. This week, it rebounded near $60,000 and regained its position. Both the MACD and OBV indicators show the possibility of a weekly-level rebound.
The short-term ascending triangle on the 1-hour chart has broken down, with the MACD remaining below the zero line since its pullback from 63459 yesterday. The RSI indicator shows a top divergence, and a pullback to 61600 should be considered for rebound opportunities.
Support: Resistance:
Ethereum's daily and 4-hour charts have shown breakthroughs, but the 1-hour chart shows a top divergence while also being under pressure near previous resistance. Waiting for a pullback to 2400 to confirm a rebound opportunity. The ETH/BTC exchange rate has seen a compensatory rise, but the momentum is not strong, and weekend trading volume is average.
Support: Resistance:
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