The three major U.S. stock indices closed higher collectively, with the Strategy hitting a historic closing high. The Nasdaq rose by 0.65%, the Dow Jones increased by 0.48%, and the S&P 500 index climbed by 0.37%. Google surged over 2%, reaching a historic closing high. According to CME's "Fed Watch": the probability of the Fed cutting interest rates by 25 basis points in December is 62.5%, while the probability of maintaining the current interest rate is 37.5%. The cumulative probability of the Fed cutting rates by 25 basis points by January next year is 54.8%, with a probability of 25.9% for keeping rates unchanged, and a 19.4% probability for a cumulative cut of 50 basis points. The crypto market rebounded across the board, with short positions experiencing significant liquidation once again. Various signs indicate that the U.S. government-led harvesting farce is about to end. In short, the bull run will continue. The most regrettable part is that during this major pullback, it is uncertain how many people have fallen before dawn. Even the so-called 100% winning Whales are hard to escape, let alone retail investors. Therefore, this harvesting is not simply a matter of the so-called Whales and institutions.

Bitcoin fell back from its previous high points, touching a local low of $98,888 in yesterday's morning session, which became an important short-term support level. The market subsequently tested this low point twice without breaking it, showing strong holding power, and then entered a fluctuating upward channel. In the afternoon, the market briefly climbed to around $102,350, but faced slight pullback pressure from previous trapped positions, eventually dipping to a low of $101,255 before rallying again. As market sentiment transmitted after the U.S. stock market opened, Bitcoin experienced a correlated rise with the U.S. stock market, peaking at $104,498. Although it faced slight pressure from short-term profit-taking, the overall upward pattern remained intact. In today's morning session, the market dipped to around $103,250 but quickly rebounded, with the rebound trend still continuing. The core focus for the future market is the previous resistance level at $105,500. If the market can effectively break through this level, it will open up further upward space, potentially extending upward and recovering previous high ground; however, if it continues to face pressure and falls back at this level, caution is warranted regarding the possible end of the short-term rebound and a return to the consolidation range. From the current trend, the probability of Bitcoin continuing to rise is relatively high, supported by the U.S. stock market sentiment and market holding power.

Ethereum started a rebound after reaching a low of $3054 early yesterday morning, peaking near $3300. However, influenced by market sentiment fluctuations in the morning session, the price faced pressure again, testing the support level at $3160, forming a volatile upward trend above the support level during the day. In the evening session, Ethereum began a unilateral rebound mode with a low of $3270, rising to a maximum of $3479, and is currently operating in the range of around $3420. From a technical perspective, the current price relies on the formation of a short-term support point at $3550, with the range of $3550-$3620 constituting significant resistance. If this resistance range can be broken, it will lay the foundation for a subsequent assault on the $4000 round number, achieving the goal of reclaiming the lost ground above $4000. #Participate in the Creator Certification Program to earn $10,000 monthly.