The recent market trend is making everyone anxious! The interest rate cut is already 100% priced in, and the market doesn't care at all! Now everyone is most concerned about two questions:
Will the Federal Reserve announce the "Large Scale Asset Purchase Program"—commonly known as printing money!
Will Powell's speech release signals beyond expectations!
The market in the past two days has already left us numb.
It is expected that the market will mainly fluctuate before the interest rate meeting.
There is a very high possibility of a pin bar occurring between the 10th and 11th!
Warning of liquidation in long and short contracts, friends, steady positioning is the way to go!
Speaking of ETH
Insider information shows that whales are continuously accumulating.
The daily support is very clear.
Maintaining the range of 3050-3010 will lead to a rebound!
The resistance for the rebound looks at 3180-3230.
If ETH retraces and falls below **3000, the bullish pattern will be completely damaged.
The market may directly test the support below.
Pay attention to 2960, 2865,
The Ethereum long positions that we entered near 2940 earlier
Friends still holding them should prepare for reducing positions.
Friends without positions should wait for tonight's U.S. stock market layout; see you in our chat room!!!
