Only 2 days left until the Federal Reserve's interest rate meeting!
This time, it is very likely to cut interest rates by 25 basis points, but I have to tell you, this so-called 'good news' has already been digested by the market in advance!
The key moving forward is not whether interest rates will be cut, but rather to pay attention to what Powell says!
If Powell adopts a dovish rate cut, the market may have another rebound opportunity!
But if it's a hawkish rate cut combined with the Bank of Japan's rate hike,
then the upcoming market may directly fall into the abyss, so everyone must stay alert!
ETH key levels: holding above 3100 gives bulls a chance, breaking below 3050 means bears are in control!
Short-term support: 3080-3050
ETH is currently still in a consolidation range
Although MACD shows signs of stopping the decline, the trading volume is obviously insufficient, and the short-term trend remains primarily within a range!
3050 is the key defensive line for bulls; as long as it holds here, there is hope for a rebound in the market!
Short-term resistance: 3150-3230
If there is a subsequent increase in volume that breaks through 3150 and stabilizes, ETH is expected to further rebound to the 3200-3230 resistance range!
But everyone pay attention, 3230 is a crucial short-term resistance level
If it can't break through, don't get attached; reducing positions at high levels and securing profits is the way to go!
In terms of operations, remember: high throws and low buys within the range, light positions + stop losses, don’t give the market makers money!
