The Federal Reserve has cut interest rates for the third time this year, leading the market to experience a wave of 'buy the expectation, sell the fact' - first a rise and then a plunge. This rise is often a trap for buyers, so do not chase the price too easily.
Currently, the trend for Bitcoin is bearish, and the market shows significant resistance to rebounds, with technical indicators overall pointing to a bearish outlook. Over the next few days, a continued downward fluctuation is highly likely, so it is more prudent to look for opportunities to short during rebounds.
12.11 Bitcoin trading strategy:
1. Short at 91599-90599, stop loss above 92599, target 88999-87999
2. Long at 87999-88999, stop loss below 86999, target 89999-90999
12.11 Ethereum trading strategy:
1. Short at 3249-3199, stop loss above 3299, target 3101-3051
2. Long at 3031-3071, stop loss below 2981, target 3151-3201
