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On Tuesday, US stocks rose slightly, with the Dow Jones up by 0.16% and the Nasdaq up by 0.57%. The S&P 500 index increased by 0.46%, with gold, silver, copper, and platinum all reaching historical highs! The US economy grew at its fastest pace in two years in the third quarter; Trump again urged strong statements regarding the Federal Reserve Chairman; the US Treasury Secretary suggested that the Federal Reserve revisit its inflation targets. Despite data showing robust growth in the world's largest economy, it has not changed the market's bets on a rate cut by the Federal Reserve next year. According to CME's "FedWatch": the probability of a 25 basis point rate cut by the Federal Reserve in January next year is 13.3%, while the probability of maintaining the current rate is 86.7%. The cumulative probability of a 25 basis point rate cut by March next year is 40.7%, with a 54.4% probability of maintaining the current rate, and a 5.0% probability of a cumulative 50 basis point rate cut.

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Since Bitcoin hit a recent high of $90,550 the day before yesterday, the market has entered a continuous retracement mode. In the early hours of yesterday, the Bitcoin price fell to a low of $87,900, followed by a slight rebound in the morning, rising to $88,900. However, there was significant pressure at this price level, and the rebound could not be sustained, leading to another drop. Throughout yesterday's daytime trading, Bitcoin operated within a fluctuating downward trend, with bears dominating the market rhythm. By the evening session, it had fallen to a low of $86,530, but then found support at this level and began to rebound. In the evening, the market attempted to challenge $88,200 twice, but failed to break through this resistance level, indicating weakness in the rebound. Currently, Bitcoin's price is fluctuating around $87,200, with overall bullish fatigue evident in the intraday trading, and the short-term adjustment trend remains unchanged. The bearish trend continues to expand downward. This pattern is more prominent on an hourly basis, with the overall market operating below the zero axis, and bears holding the dominant position. The strategy of anticipating short positions during subsequent rebounds remains unchanged, with very strong downward momentum.

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Ethereum also shows a volatile downward pattern after a peak and drop. After testing the high point of 3076 USD the previous day, Ethereum started to retreat under pressure. In the early session yesterday, the price touched a low of 2962 USD before experiencing a slight rebound, rising to around 3034 USD, but the rebound momentum was insufficient, and it faced pressure again and fell back. The market continued a downward trend throughout the day, with market sentiment leaning towards caution. By the evening, influenced by the US stock market, the price of Ethereum further dipped to around 2900 USD, and then triggered a rebound at this position. However, the early morning rebound peaked only at 2987 USD and failed to break through the key resistance level, followed by another decline. Currently, the price of Ethereum is fluctuating around 2950 USD, also in a state of adjustment in the short term, with bulls unable to organize an effective counterattack. In the short term, there is still selling pressure above, and the rebound momentum encounters significant resistance near the middle track, so it is recommended to continue the idea of shorting on rebounds in the early morning operations.