Brothers, this week the market welcomes the ultimate showdown, the Federal Reserve's interest rate cut + Japan's interest rate hike, a double disruption
The script for the rate cut is very clear:
1️⃣ Hawkish rate cut = big drop
2️⃣ Rate cut not exceeding expectations = drop 😵
3️⃣ Exceeding expectations with a 50BP rate cut = soaring for several days 🚀
As for Japan's interest rate hike, it is a known negative factor. Based on the current market sentiment
If ETH drops before the rate cut, the interest rate hike in Japan may only be a small jab, unless the rate hike exceeds expectations (but the probability is very small)!
In the last two days, some whales have been quietly increasing their positions in ETH,
This indicates that the main force is very confident about the rebound of the market!
The daily level support is in the range of 3050-3010
As long as this level is not broken, the rebound pattern of ETH will not change, brothers can continue to watch for the rebound!
The target pressure for the short-term rebound is in the range of 3180-3230
Brothers, note that this position is an excellent point for short positions, aim steadily!
If ETH retraces and breaks below 3000, the bullish pattern will deteriorate, and the market will need to be redefined!
Support below is at 2960, 2865
In the short term
ETH is still under pressure from the downward trend line
Brothers can pay attention to the short opportunity as it rebounds near the trend line
Quick in and out, steadily make a profit!
Those who followed this wave of Ethereum can take profits, and those who haven't hopped on shouldn't rush; let's wait for the next wave of setups, see you in the chat room!!!
