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Hello everyone. Today is November 13th at 1:45 PM. Let's do a brief analysis and forecast of today's market.
In terms of news:
U.S. President Trump signed a temporary funding bill, ending the longest government "shutdown" in U.S. history. The bill will provide ongoing funding for the federal government, allowing most government agencies to operate until January 30, 2026. We emphasized this news multiple times during our live broadcast last night. We believe this will end the shutdown. Federal Reserve officials have recently been vocal about monetary policy. "Fed mouthpiece" Nick Timiraos stated that there are currently four voting regional Fed presidents (Boston Fed's Collins, St. Louis Fed's Bullard, Chicago Fed's Evans, and Kansas Fed's George, who voted against the rate cut decision in October) who are not actively pushing for another rate cut in December.
On the market:
Bitcoin. About the big pie. We won't share too much. Because I have emphasized my personal views multiple times. 100,000-101,000. It's an opportunity to repeatedly go long and profit. As long as the market is good at 98,000, the bull market for the big pie will continue to persist. If the market stabilizes at 104,000, it will move towards 107,000 and 110,000.
Ethereum. Last night we shared before 2 PM. The plan was to take a long position on dips. The first target is 3550, and the second target is 3650. Although we did not reach our second target, the rebound yesterday only approached around 3580. It then dropped to a low of around 3369. However, we have not changed our idea of continuing to take long positions on dips, because we mentioned in the sharing that as long as the market does not drop below 3330, the overall short-term upward trend remains intact. Although there was a drop in the market this morning, our prediction that the American market would end its shutdown would at least drive the market up by 50-100 points has basically been realized. As of now, the price of Ether is around 3515. If the market can stabilize above 3560, we can continue to look up towards the important resistance levels at 3660 and 3700. Conversely, if it doesn't go up, it may pull back towards 3350. However, there is also considerable resistance near 3650. Even though the current short-term market is in a bullish consolidation phase, if the market really reaches that point, I am prepared to make a high short position trade on the pullback.