A new week has begun, and volatility has increased significantly. The Federal Reserve's interest rate decision this Thursday is a major reason for this fluctuation, and the market's deadlock sentiment is also being stirred up, making the long-short battle more intense.
Ethereum dipped to 2907 yesterday, with the previously mentioned dip position around 2950; the intensity of this dip is considerable. Currently, the trend is good, with resistance around 3170, and with the Fed's interest rate cut this week, we expect to see Ethereum above 3400.
Bitcoin's previously mentioned dip position was around 89, with a low of 87719. The intensity of the dip is also significant, and the current trend has improved, with resistance near the previous high of 94000, showing a fluctuating upward trend.
Recently, everyone has been advised to operate less and hold back; a clever woman cannot cook without rice. As a trader and analyst, I can only analyze the market conditions and cannot change them. I hope everyone has a good harvest in this new week.
