
Phyrex|Nov 27, 2025 22:29
Happy Thanksgiving, everyone! I'm so grateful to have you all by my side these past few years, helping me grow and become a better version of myself. Thank you so much, and I hope I can continue to be there for you in the future.
Thanksgiving has been pretty chill. The market is still riding on the Fed's expectations for a rate cut in December, and investor sentiment is gradually improving. With no new data coming out, these days feel pretty relaxed. Even $BTC has a chance to keep climbing this week. After all, tomorrow is Black Friday, and it's only a half-day session, so there probably won't be much action. Then it's the weekend.
In the short term, I'm keeping an eye on the Russia-Ukraine conflict. Just saw Putin's speech—it wasn't exactly friendly. But next week, a U.S. delegation will visit Russia to discuss a ceasefire. If that happens, it could really help with U.S. inflation, which in turn would help the Fed cut rates. The sooner rates are cut, the lower the chances of a recession.
Looking at Bitcoin's data, today's turnover rate suddenly spiked. I didn't dive too deep into it, but usually, a turnover increase during a holiday like this doesn't impact prices much. It's probably just some exchange wallet adjustments, so no need to worry too much. This week will likely stay like this, with the main focus on December's FOMC meeting.
Because of today's turnover, the fifth support structure has been adjusted. I made some tweaks to the support range, but the changes aren't significant. The chips in this range are starting to dissipate, and a new support level is gradually forming around $85,000. It's not there yet, but the signs are showing. The sixth support level remains unchanged, though I expanded it slightly. Overall, sentiment among losing investors is still pretty positive.
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