As planned, a 25 basis point interest rate cut was announced, and Bitcoin reached a new high again. Just yesterday, it was mentioned that Bitcoin is not at its peak. The market has responded positively. Old Powell announced the 25 basis point cut at 3 AM today, and Bitcoin broke its historical high at 76880 dollars. Powell even stated that he would not resign due to Trump's success and would not resign voluntarily, but it somehow sounds like he is being timid? The latest data from CME shows a 70.5% probability for the Federal Reserve to cut rates by 25 basis points in December.
Currently, the open interest of Bitcoin has reached a peak, with a fear and greed index of 75. It is advised to be cautious of potential market manipulation. Additionally, Ethereum, the long-standing second, has finally kept pace and has reached 2900. As long as Vitalik and the Ethereum Foundation do not create chaos, there is still potential to look forward to. What do you think, guys? Back to today's market analysis, from the K-line perspective, BTC is on a downward trend at the hourly level, and the 4-hour level is also about to enter a downward phase, while the 12-hour and daily levels are on an upward trend. The daily resistance level is 77000, with a support level at 74700 dollars.
Buying the dip: 3 altcoins with the potential for 100x growth! 1. Ray: On November 7, Raydium (RAY) rose 27% in 24 hours, breaking the 5 dollar mark, with a total increase of 51% over the past week. Key driving factors include Kraken Pro adding RAY futures trading on October 25 and a platform upgrade on October 23 that improved liquidity and exchange speed, thus boosting trading volume. Raydium is currently the third-ranked decentralized exchange (DEX) by daily trading volume and is among the top five DeFi protocols on Solana. Its total value locked (TVL) exceeds 1.5 billion dollars, with a growth of over 30% in the past month. Price charts show strong buying activity, with good candlestick patterns indicating bullish market sentiment and slight pullbacks. Increased institutional interest in Solana may also drive the growth of Raydium's market share and token value. Technical indicators show sustained buying pressure, with alignment of short-term and long-term moving averages suggesting ongoing buying pressure, and current momentum shows almost no signs of slowing down.
NEIRO is a recently launched community-driven token that continues the classic Doge image, creating a relaxed and inclusive atmosphere, quickly attracting global fan attention. With an emotional connection to the Dogecoin family, following the success of popular meme tokens such as Dogecoin and Shiba Inu, NEIRO also carries a unique emotional backstory, increasing its appeal. This connection to the Doge family makes NEIRO an exciting choice for investors looking for the next potential meme token.
3. TON
The recent development of Toncoin has attracted considerable attention, and these advancements have enhanced its market and market value. The total value locked (TVL) of the platform remains stable, and recent growth indicates an increase in user and investor confidence. Analysts believe that the rise in TVL shows interest in applications and services within the Toncoin ecosystem, reflecting increased trust from investors and market participation.
In addition, the development of Toncoin has been supported by strategic funding and incentive programs. The recently launched TON Accelerator team support program provides 5 million dollars in funding, aimed at helping selected projects developed on the TON blockchain. This program is jointly supported by TON Ventures and Mantle EcoFund, providing resources and financial security for projects built on the platform.
