Brothers, at 3 a.m. today, the Federal Reserve's year-end grand finale is on stage - another 25 basis points cut! Will the market faucet loosen again, causing a flood in the crypto world?
But looking at the DOGE one-hour chart, my heartbeat slowed down a beat: a surge in volume drop, a death cross has appeared, the yellow and white lines are steadily crawling down... This is clearly a picture of 'going to collapse'!
Should we believe the 'positive' news or the 'negative' technical analysis? Don't worry, Xin Ying will help you figure it out. Tonight will be a turnaround or a deep pit, it all depends on these few lines!
Interpretation of the news
The Federal Reserve has cut interest rates by 75 basis points this year, simply put: there is more money in the market.
In previous easing periods, cryptocurrencies have 'fallen first and then risen' - capital inflow takes time, but expectations will initially boost sentiment.
Therefore, there may be panic selling in the short term, but in the medium to long term, it remains bullish. DOGE, as an emotional coin and a representative of high volatility, is prone to sharp drops and sharp rises; don’t be scared off by a single hourly line!
Technical breakdown
Current trend: The hourly chart shows 'steady decline', with the MACD death cross above the zero line, indicating that the previous rise was excessive and is now correcting, but it hasn't entered a complete bear market yet.
Key positions:
Upper pressure: 0.14009 (daily pressure), 0.14391 (retracement pressure) - before breaking through, all rebounds are paper tigers.
Bull-bear dividing line: 0.13667, only stabilizing here gives a chance for a counterattack.
Lower support: 0.13355 (daily support), 0.12985 (strong rebound support) - if it falls here, it might actually be a golden pit.
Volume signal: Previously contracted trading range, suddenly expanding and falling, indicating funds are fleeing, but it also means panic selling has emerged, making it easy to rebound near support levels.
Xinying's personal opinion
Short term (tonight): It is highly likely to first test support; the range of 0.13355-0.13667 can be gradually accumulated for a rebound.
Medium term (1-3 days): If it stabilizes at 0.13667, it will challenge 0.14009 again; if it falls below 0.13355, the next stop is 0.12985.
I tend to favor: a rebound after hitting the bottom. The Federal Reserve's easing is not in vain, and the Dog King DOGE is 'sensitive to news', making it prone to a rebound after a sharp drop.
Player response strategy
Beginners: Don't rush to catch the bottom; wait until the MACD yellow and white lines on the hourly chart flatten or cross before acting.
Veterans: Gradually place longs in the 0.13355-0.13667 range, with stop-loss below 0.12980, aiming initially at 0.14009.
For those holding nothing: If it breaks through 0.14009 and stabilizes, chase the rise, stop-loss at 0.13600.
Key mantra: 'Short near the upper pressure level, long near the lower support level, and don't hold on after a breakout stop-loss.'
Xinying Reminder:
The market changes every minute and second; just reading one article is not enough!
Tonight at 8 PM, I will be live-streaming in the community to draw lines and interpret the DOGE market movements in real-time, giving advance notice of the next moves.
Want to know if the 'Dog King' can make a comeback and when to heavily invest?
Click to follow [Xinying], join the practical town; I not only give you fish but also teach you how to make fishing rods!#比特币VS代币化黄金 $DOGE
