The market is weakening, falling short of expectations! 20241101

CN
1 month ago

Good evening, brothers!

The weekend is approaching,

there's a sense of relief and comfort,

this week has been tense and serious,

and now we need some liveliness to brighten things up,

a couple of drinks and a plate of peanuts,

I've reached the edge of dreams while pouring and drinking by myself…

The week of trading has ended,

did you make money?

There are many kinds of news in this market,

you need to learn to select the market news that suits you.

From the Federal Reserve's "hot committee member" Waller to Biden's chief economic advisor Brainard, their statements all carry a "preventive" meaning. Economists proposing the "Sam Rule" even predict that in the worst-case scenario, it may not be job growth anymore, but rather a decline in employment.

The current market expectation is that in October, the new non-farm payrolls will be 110,000, less than half of the unexpected increase of 254,000 in September. Morgan Stanley believes that the slowdown in employment numbers is caused by hurricanes, strikes, and seasonal factors.

BTC: On the 4-hour level, the price has rebounded after touching the lower Bollinger Band, but the price trend remains weak; it is currently just a rebound.

On the daily level, the price continues to stay above the moving average support, and the price trend remains healthy.

In summary, the support level is 69,800, and the resistance level is 70,300.

ETH: On the 4-hour level, the price continues to stay near the lower Bollinger Band, and the price trend remains a weak rebound, with a support level of 2,510 and a resistance level of 2,530.

LTC: The price continues to stay near the lower Bollinger Band, and the price trend is weak, with a support level of 68 and a resistance level of 70.

BCH: The price continues to stay near the lower Bollinger Band, and the price trend is weak, with a support level of 340 and a resistance level of 360.

That's all for now, good night!

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