Doge is this going to crash or is it a trap? The hourly chart is unbearable, MACD is crossing downwards, and energy is declining in a downward trend, the market is sliding down like a slide! But the Federal Reserve announced a 25 basis point rate cut, will the market suddenly reverse? Is it a rally or will it continue to fall through? Zhou Yi will help you analyze today's trend, telling you whether to buy the dip or run away!

News:

Early this morning, the Federal Reserve cut interest rates again, which is already the third consecutive rate cut, indicating that liquidity is being eased, theoretically a positive for the crypto market. But the technicals for Doge are currently too weak, whether the news can drive sentiment depends on whether the main force cooperates. Remember, good news that doesn’t lead to a rise is bad news, especially in this current trend!

Technical Analysis:

From the one-hour chart, the dog is currently in a state of increasing downward volume. The yellow and white lines are dead crossing above the 0 axis, indicating that short-term momentum is downward. Key resistance is at 0.14009 and 0.14391; if these two positions cannot be broken, it will be a bear market. The support below looks at the range of 0.13667—0.13355; if it can't hold, the next stop will be around 0.12985. Overall, it is 'oversold greater than overbought,' with a short-term demand for a rebound, but the trend is still bearish.

Personal Opinion:
I believe it will be difficult for the dog to surge directly to 0.14391 today; it is very likely to encounter resistance and fall back around 0.14009. If the rebound is weak, it may first test the support at 0.13355, or even touch 0.12985. However, due to the Federal Reserve's rate cut sentiment providing support, there may be a rebound opportunity after a drop, but do not chase blindly; remember, 'a rebound in a downward trend is not a reversal'!

Player Suggestion:

Short-term players: You can try shorting with a light position near 0.14009—0.14391, set a stop-loss above 0.14500, and aim for 0.13667—0.13355.

Bottom-fishing players: Don't rush! Wait until it drops to the range of 0.13355—0.12985 to gradually position yourself, catching a wave of rebound, and enter and exit quickly.

For those whose positions are trapped: If your position is heavy, it is advisable to reduce your position when the rebound approaches the resistance level, keeping some capital to buy back at lower levels. (If you want to know more specific entry points and ways to recover, come to the chat room to find Zhouyi, who will share in real-time!)

Market conditions change rapidly; it’s better to follow Zhouyi than to fight alone! Zhouyi shares precise points and emotional trends every day in the village, not just for Doge, but also real-time reminders for more short-term opportunities in other coins.

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