The market is now focused on the Federal Reserve's interest rate cut + dot plot + Powell's speech in a triple hit, just waiting to hit the countdown button.
Confirming the interest rate cut? The market has long priced it in.
What can really ignite the market is Powell's words at that time.
Why is everyone so nervous? Because the trend is just one official announcement away!
You must have seen the market's performance in the past few days —
spike, pullback, spike again, pullback again.
A typical 'pre-announcement market volatility structure.'
And ETH's shape is even dramatically exaggerated:
ETH's technicals now look like a fully drawn bow.
The 3050–3010 range holds up → the bullish structure is not broken.
3210 above is the first short-term door.
3280 is the second door.
Once both doors are breached?
It could really be the last 'skyrocketing' trend of 2024.
But what if it breaks down 3050–3010?
Sorry, the market will directly switch to 'plummeting mode,' and 2910 and 2800 are not just dreams.
Those who bought after the spike at 2940 are enjoying it, friends who still hold their positions should protect profits, and those without positions should wait for the US stock layout tonight.
See you in the chat room!!!
