Happy Thanksgiving to all my friends! I am grateful for having you by my side over the years, helping me grow and become a better version of myself. Thank you very much, and I hope to continue being by your side in the future.

Thanksgiving has been quite relaxed, as the market continues to reflect the Federal Reserve's expectations for a rate cut in December. Investor sentiment is gradually improving, and in the absence of new data, this might be the most relaxed time. Even the price of $BTC has the potential to continue rising this week, especially since tomorrow is Black Friday, which is only half a day, so not much is expected to happen, and then it will be the weekend.

In the short term, I am still paying a bit of attention to the Russia-Ukraine conflict. I just saw Putin's speech, which was not very friendly. However, a U.S. delegation will visit Russia next week, mainly to discuss a ceasefire. If this can be achieved, it would greatly help with U.S. inflation, and helping U.S. inflation means assisting the Federal Reserve in cutting rates. The quicker the rate cuts, the lower the probability of an economic recession.

Looking at Bitcoin's data, the turnover rate suddenly increased significantly today. I haven't looked into it too closely, but such an increase in turnover during holidays likely has little impact on price and is probably just an adjustment of exchange wallets, so there's no need to worry too much. This week will likely remain as it is, with the focus still on the December interest rate meeting.

Today's turnover has led to an adjustment in the fifth support structure, and I have re-adjusted the support range. The change is not significant, and the chips in this range are starting to dissipate, gradually forming new support around $85,000. There are no signs of it yet, but there are indications. The sixth support level remains unchanged, and I have slightly expanded it. Overall, the sentiment among investors with losses is still quite good.

Bitget VIP, lower fees, better benefits

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。