The big one is really coming!!! The global market is focused on the Federal Reserve's interest rate meeting!!!
Mr. Powell's last speech in the spotlight will determine the future direction of the market.
There is a high probability of a 25 basis point rate cut, which not only marks Powell's farewell performance but also paves the way for the new chairman's debut next year.
The market is looking forward to a "gentle conclusion," but if Powell suddenly turns hawkish, tonight could turn into a bloodbath!
Starting in the second half of next year, the U.S. will welcome a more accommodative policy environment, and the pace of rate cuts may accelerate.
Tonight's speech is Mr. Powell's final tone-setting for future policies, and market sentiment is highly tense!
CZ mentioned that if the rate cut meets expectations, BTC may welcome the end of a 4-year cycle and enter a long bull market!
But if tonight's remarks lean hawkish, panic selling may erupt in the market, leading to a short-term sell-off.
ETH key levels are here!
Short-term resistance: 3375, looking towards 3450 after breaking
Here you can take a small short position, and be sure to set a stop loss!
Intraday support: 3210-3100
As long as these key points are not broken, the bullish pattern remains solid
After tonight, the global market will welcome a new round of reshuffling—regardless, this night will be a watershed moment for the market this year!
For those who followed this wave of Ethereum longs yesterday, be sure to protect your position, and see if there’s an opportunity to make a big trade tonight; friends who haven’t jumped on board, see you in the chatroom!
