In the morning, BTC fell into a technical pullback, with the lowest pullback reaching the 86900 level. The Silk Road has already made expectations this morning; if BTC breaks above 92000 and holds above, it will continue a bullish trend, otherwise, it can attempt a high pullback for adjustment. Everything has been mentioned in our Silk Road, so there was no hesitation in providing the pullback strategy this morning. We also acted accordingly, but during the morning's decline, the pullback resulted in unfortunate losses. However, subsequently, we followed the trend and managed to recover the previous losses, achieving a perfect gain of over 2000 points. ETH also followed the trend, gaining 105 points. Overall, it still aligns with our expectations; if the direction is wrong, adjust in time, rather than stubbornly holding on. Currently, after the repeated adjustments and repairs over the weekend, the market is able to wash out slowly, with liquidity deviations clearing the overhead leverage. The dominant market position is once again occupied by KONG, and due to the temporary weakness of the market, there are no signals for the overhead leverage to stabilize. In the short term, it is still advisable to follow the trend and chase KONG, but attention should be paid to whether the intraday rebound can timely form a top-bottom conversion; otherwise, the overall structure will still be in a weak state. Operation Suggestions BTC: around 86800-87000, target near 85000 ETH: around 2860-2880, target near 2750

A recent piece of news has spread in the community - Fed Chairman Powell might resign? Although it hasn't been officially announced yet, Trump has hinted that "the Fed chair candidate will be announced soon." Once this news broke, the entire market couldn't hold back. Isn't it coincidental? The timing is just right, and global risk assets are all experiencing a racing pulse. To be honest, the change of personnel at the Fed is no laughing matter. Looking back at history, every time there is a change in the leadership of monetary policy, the US dollar index and US Treasury yields tend to fluctuate in the short term, and the cryptocurrency market is naturally not immune to this impact. What's worse is that everyone is currently focused on the interest rate cut expectations for 2024; with such a development at this critical juncture, can market volatility not spike? Key highlights are here: Powell will speak on Tuesday. This speech, along with subsequent personnel arrangements from the White House, can basically indicate whether the policy will make a sharp turn. So what should we do? Panicking is useless; staying calm and responding is the key. **Don't act impulsively with your positions** — Uncertainty hasn't dissipated yet, so lower your leverage first and avoid going all in on one side. This is not the time to gamble with your life. **Hold on to core assets** — Bitcoin and Ethereum, these highly liquid big brothers, tend to withstand turmoil better. Other altcoins? Be cautious. **Opportunities for Dips**—If market sentiment is excessively fearful leading to irrational sell-offs, then it is the perfect time to dollar-cost average in. When others are fearful, I am greedy; this saying is not without reason. Ultimately, the underlying logic of the crypto market has remained unchanged - it is a bet on the future financial system. Traditional finance is undergoing a paradigm shift, and during such times, keeping a clear mind and digging deep into understanding is essential to stand firm in the waves.

December 1st morning session