ETH breaks through the $3400 mark

[U.S. Treasury Secretary Besent Expresses Optimism About Tariff Case Victory] U.S. Treasury Secretary Besent expressed that he is 'very optimistic' about the government winning the case after attending oral arguments in the U.S. Supreme Court tariff case. Besent pointed out that tariffs are aimed at protecting American manufacturing, and as domestic industries develop and import substitution progresses, tariff revenues will gradually decline. He also mentioned the conflict between President Trump and lawyers regarding the purpose of tariffs: Trump stated that tariffs are an important source of federal revenue, while the lawyers argued that increasing revenue is not the goal of imposing tariffs. Besent emphasized that the goal of tariffs is to achieve balance.

The price of Ethereum briefly fell to $3050, resulting in the liquidation of a $1.3 billion long position. Currently, Ethereum is facing $700 million short liquidity pressure around $4000. （Cointelegraph）

According to the 90 minute cycle display, BTC formed a top pattern at 03:30 on November 6th, with the addition of KDJ dead cross and overbought signals, indicating a clear short-term downside risk for member indicators. The current price is above EMA24 but below EMA52, indicating insufficient rebound momentum, further confirming downward pressure. In addition, the trading volume is extremely shrinking, with short-term and long-term averages showing a bearish trend, and market activity continues to weaken or accelerate its correction. The key resistance is around $104500, with support focused on $102800. Member indicators accurately capture trend turning points, helping you plan ahead! Open a membership now and get exclusive leading signals! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.

The brokerage platform saw a record $80B in crypto trading volume; shares dipped in after hours action despite the earnings beat.

Jordan Peterson raised the question of whether Bitcoin will absorb all investment capital, and Michael Saylor responded by stating that Bitcoin is achieving this and that this is the reason for his involvement. （Bitcoin Archive）