Tuesday: btc, eth

Key support breakthrough pressure and Federal Reserve interest rate decision

Likewise, last night's live broadcast explained from multiple dimensions including logic, fundamentals, Federal Reserve rate cuts, central bank rate hikes, etc., why the long-term bullish outlook remains despite short-term weakness. It also discussed the pros and cons behind the current heat of btc and eth, with 92000 touching resistance and then heading straight for the 89000 mark.

Bitcoin: Short-term pullback strengthening; however, yesterday's high point area is under pressure and has retreated. An unexpected upward probe would lead to an expanded pullback. The market does not expect to go too far as long as the bears maintain the 89500-90500 area, which still indicates that bears are in control. The short-term key level can still be pulled back, and a large-scale breakthrough is awaited after a pullback stabilizes before buying in.

Ether: The hourly level is about to form a head and shoulders pattern. Can 2,900 hold? If the head and shoulders pattern forms, the short-term bears will act as the main force. Last night, this needle initially formed the right shoulder of the head and shoulders pattern, but now it still needs to fluctuate and requires this column. If it can continue to close in the negative, then the right shoulder of the head and shoulders will be confirmed, and intra-day will still synchronize with the big coins.

The medium to long-term outlook remains bullish, but in the short term, the focus is still on rising and falling. Overall, the market structure is adjusting, and frequent fluctuations are not a wise move. The European and American sessions will primarily focus on high short positions, with short-term bulls as a supplement (small level).

The big coin is hovering around the 90600-91000 area for shorts, with pressure above 92000 🔝 adding positions by 5%-8%. After breaking the resistance, consider defense. The small level shows a negative pullback to support as an overall trend, with the bottom focusing on 88500-87000. A break below 87000 will strongly support 86000-85500.

Ether 3150-3180 area for shorts, 🎯 3080-3000, short-term effective break below 3000 focusing on 2900-2930$BTC $ETH