At 3 AM, the Federal Reserve cut interest rates by 25 basis points, and the bullish sentiment is set to rest.
The recent rebound was just an early digestion of expectations, the boss has been watching the market until dawn.
I will show you the pulse of the market. If you want to discuss operational details, feel free to find me.
The key level of $BTC is 94000, and the third breakthrough has not stabilized. A pullback is inevitable, and currently, support is at the 90000 mark. A dip to 89000 is normal.
However, this position is a watershed. Only when the decline stops and stabilizes can we sound the trumpet for a rebound. If it can't hold, we have to explore downward.
$ETH is even more lively. Breaking through 3200 means looking at 3400, and yesterday it was precise to the expected level.
Recently, Ethereum's activity has surpassed Bitcoin. The pullback space is even larger. When Bitcoin is consolidating, it’s hard for Ethereum to have an independent market. The hourly chart has already broken.
We need to test the support at 3210; if it breaks, it will head towards the 3000 mark. This position is another lifeline for the market.
Now, just focus on two key levels: 90000 and 3000. If we can hold them, we can prevent a major drop. The altcoins are currently weak and vulnerable, with resistance as solid as a wall and support as thin as paper. If you can keep your hands steady and not lose money, you will outperform most people.
The market sense gained from nine years of pitfalls in the crypto world, the rhythm after this rate cut has already borne fruit internally. If you are also struggling with long or short positions, or are interested in Ethereum shorts,
feel free to find me. We can discuss practical experiences gradually. Remember, the crypto world is not short of opportunities; what it lacks is a hand that understands the signals. Follow this line of thought, and you will save yourself ten years of detours.
