Brothers, sorry for the delay. I carried ten orders fairly late last night, and today I had to go out during the day, so there was no update. However, the ideas we shared with everyone yesterday are still quite in line with the market trends. As we mentioned before, if there is a sideways fluctuation or a slight decline before the interest rate cut, there is a significant possibility of a fluctuating upward movement after it is implemented. We set support for BTC at 114000 and Ether at 4400 for going long at low points, initially looking at around 118000/4680. The market moved exactly as expected after the data was released. BTC and Ether shouldn't touch 1178650 and 4642 during the day, which is not far off from our suggested take profit levels. I believe the brothers who held long orders yesterday have made some profit again!
At present, BTC is still in a high-level sideways consolidation rhythm, but we can see that after the price breaks through the resistance level, although there is a pullback, the strength is not significant, and after the drop, it is accompanied by a rebound. The overall trend structure is still very clearly bullish. In the 4-hour chart, the moving averages show a bullish arrangement and a golden cross forms a bullish resonance. The bullish engulfing pattern further confirms the effectiveness of the support, and the upward channel remains intact. However, due to the gradual fading of news impacts and the shrinking trading volume, in the short term, the possibility of continuing to move sideways and rebound is quite large. Therefore, in terms of operations, seize the pullback opportunities and continue to go long at lower prices.
Ethereum, as we judged yesterday, retraced to the support at 4400 and then stopped, rebounding above 4600 during the day. The market sentiment is showing a neutral to bullish bias, with more institutions allocating to crypto assets. The optimization of the regulatory framework and technical breakthroughs provide support for the market. This is also why we previously mentioned not to look for major reversal pullbacks, but to treat it as a dip for continuing to go long. Currently, the coin price has experienced a certain pullback after a high at the white plate, with a bullish engulfing pattern appearing and volume-price divergence indicating that market momentum has weakened. The moving average system is entangled with a gentle slope, and in the short term, it may enter a phase of consolidation. However, regardless of whether it is the daily or 4-hour structure, the bullish consolidation pattern has not changed. Therefore, in short-term operations, we recommend continuing to go long on dips during the correction!
On Thursday morning, Bitcoin relied on 116500 as short-term support to go long on dips, with resistance at 118600 first, and then the 120000 level. For Ether, refer to 4500 as support to go long on dips, with resistance at around 4680 and 4800.
Note, if the market does not pull back, if BTC breaks through and stabilizes at 118600, then directly follow up with a light long order, looking for a rise to around the 120000 level. If Ether does not pull back to correct and stabilizes at 4680, also follow up in the same direction looking for around 4800. #BTC战略储备市场影响##美联储降息25个基点#