#美联储重启降息步伐 December 9th Trading Ideas
BTC Brothers, I can't hold on any longer, really can't hold on! Today is a simple rest day, currently the market is mostly bullish, Bitcoin has been forming a converging triangle pattern on the 4-hour chart, it briefly broke 93000 last time but couldn't stabilize! Price fluctuations are becoming narrower and narrower. At 3 AM on the 11th, the Federal Reserve will have a meeting, and there is a high probability of a rate cut this time. However, after the rate cut, what Old Powell says next is the most important. Regarding next year's rate cut plan, will it continue to reduce the balance sheet or stop reducing it?
Balance sheet reduction full name: Reducing the balance sheet
Expansion: Injecting funds into the financial market
Reduction: Withdrawing funds from the financial market (Why did Bitcoin drop so hard this time? Because after the rate cut in October, Old Powell started reducing the balance sheet, and there was a tight supply of large funds in the market, leading many institutions to run out of money for arbitrage selling)
The current major direction is still a downward trend, and a reversal has not yet formed. There are several key prices for a reversal, the first being 96000, the second 101500, and the third 106500! Back to the market! Let's first talk about the intraday trend!
🔥BTC Long Strategy: 89500-89800 (Continue to go long on intraday pullbacks, stop loss below 89000, if stop loss is triggered, wait to re-enter at 87800, 86800)
🔥BTC Short Strategy: 91800-92300 range (Stop loss at breakthrough 92600, if stop loss is triggered, go to 93500-94000 to wait for short, stop loss at previous high 94300)
🔥ETH Long Strategy: 3050-3080 (3030 can add one long position, if it breaks below 3000, give up the long position, continue to wait to re-enter at 2950, 2880)
🔥ETH Short Strategy: 3180, 3230, 3350-3380 range (Wait for a breakthrough from one resistance level to the next)
🔥SOL Long Strategy: 130-131 (Currently 130 is strong support, if it doesn't break, the market remains bullish. If it breaks 130, go to 128, 125 to wait for a safer entry)
🔥SOL Short Strategy: 135, 140, 145 (Currently 135 is strong resistance, if it breaks and stabilizes, give up the short position and continue to wait to enter at 140-145!) Everyone pay attention to the chart!
