Bitcoin/Ethereum's fundamentals remain crucial this week

Breaking support but not breaching resistance

The Fed's inflation indicators remain below 3%, which is unlikely to prevent the Fed from cutting rates at next week's meeting, but the Bank of Japan will also decide on the rate hike process this week. Given that the yen has been a reservoir for global quantitative easing for over a decade, expectations of tightening liquidity are likely to impact price trends in the short term

The daytime market has once again undergone a cleansing, with a sharp decline before Monday's trading, rebounding after breaking strong support at the bottom. This represents an opportunity for previous short positions. Similarly, the risk of selling off still exists. Why say this? After all, retail investors see only bearish signals, which in reality are just adjustments in the market structure after normal pullbacks. Last Friday in the live room, we repeatedly confirmed the pullback support level and considered closing BTC/ETH short positions. Now is the time to review!

Market sentiment is neutral. Externally, positive factors are significantly evident, with the Fed's rate cut expectations and the benefits from Sino-European cooperation partially offset by negative factors such as hacker attacks and regulatory uncertainties. If hawkish sentiment continues, there will still be a certain space for adjustment. Retail investors should pay attention to the risks of pullbacks and rises

This week's weekly chart shows a bullish candlestick pattern, with the overall direction continuing to maintain a sideways oscillation range. The key resistance around 93000 is the pullback trend line, while the key support is around 88000. The daily level has formed an upward channel, and the price is also maintaining operations in the mid-track region

The key resistance area above is 93500-94000 (downward trend line + last week's high), while the key support below is around 87,000, which is the lower boundary of the channel. The daily indicators MACD and RSI show golden crosses, indicating a rebound. Pay attention to the 4-hour chart for short-term opportunities. If there is a breakout, there is a probability of forming a W-bottom upward structure, but be sure to pay attention to the normal pullback space. For short-term trading, focus on the strength of support at the first pullback

Buy Bitcoin in batches around the 90500-91000 area, 🎯92500-93800, and watch for breakouts at 94800-95500

Buy Ethereum in the 3080-3100 range, 🎯3180-3250, with attention to 3350-3400 above. All positions should be defended based on individual actual holdings, and specific market trends should be based on real-time conditions!

Finally, wishing everyone all the best...#美联储重启降息步伐 $BTC $ETH