$BTC $ETH Today's Thoughts

The market situation in the past two days has been more thrilling than a roller coaster. The price of Bitcoin was hovering around 92000 just a couple of days ago, and the next moment it dropped to a low of 87600. After a night of volatility, it eventually returned to 91000. This wave of excitement has been expertly controlled.

However, it can be observed that in the short term, the positive influence of the Federal Reserve will not lead to an excessive decline, at least we can focus on short-term strategies based on lower prices. As for those friends looking to invest long-term, you can gradually enter the market in batches. After the price rises, you can also continue to add to your positions without loss. Don't be greedy and try to perfectly time the top, as no one can guarantee that. After all, stability is key.

Currently, from the 1-hour perspective, Bitcoin has revisited the 88000 area after two days of sideways consolidation, followed by a quick rebound from bulls reclaiming lost ground. The battle between bulls and bears is particularly fierce. From a technical standpoint, the middle band of the Bollinger Bands and the EMA monthly line provide strong support for the price. With the Federal Reserve's interest rate cuts approaching, there are opportunities to position at lower levels.

Bitcoin: 89000-88100 for short positions, target 91800-93200

Ethereum: 3060-3030 for short positions, target 3100-3200