The current trend in the cryptocurrency market is very weak. Even with the interest rate cut as a positive factor, it cannot rise. After the interest rate cut, the trend in the cryptocurrency market can be imagined, and everyone should be prepared. However, there are only 4 days left until the interest rate cut, and Bitcoin has a chance to rebound a bit, which will be your last opportunity to set up a short position.
Ethereum is similar, with a strong resistance at 3250. Many bulls are selling at a high near that level, rather than choosing to take profits at the 3250 whole number. Shuqin directly urged everyone to short on Thursday, and the price fell nearly 10% from 3240 in two days. This is still a significant drop even with the positive impact of the interest rate cut, so the bear market in the cryptocurrency sector can be very harsh, and it may not take a few weeks to drop back to the previous low of 2600.$ETH