🚀 Market Shakeout After Rate Cut — Key BTC & ETH Levels to Watch
After last night’s interest rate cut, the market first shot upward and then sharply pulled back, creating heavy volatility on both sides. This morning’s daily candle also closed with a deep retracement, which clearly shows that both buyers and sellers were shaken out. A few traders managed to profit in both directions, but for most of us who take only one side at a time, there’s always room to learn and improve.
Now the question is: after such a strong pullback, is the move over? Will the market start trending straight down? Everyone has their own perspective, but as long as the daily structure remains intact, I personally don’t see a clean one-way downtrend forming yet.
For Bitcoin, the 918 level has flipped from support to resistance after breaking down. To move upward again, the price must reclaim and hold above 918. On the downside, the immediate support zone is 880–890, and 880 is a must-hold level. A wick below is acceptable, but the candle must close back above this zone; otherwise, the entire daily structure will be in danger.
As for Ethereum, the 3220 level is acting as a 4-hour top-to-bottom conversion point. The outlook is similar— to extend the move upward, ETH needs to hold firmly above 3220. The short-term support lies at 3150, which was the top of the weekend consolidation area. If tonight’s pullback holds this level, there’s a good chance the correction phase will be over. But if 3150 fails, then a deeper test toward the major 3000 level becomes more likely.
In this recent upward leg, Ethereum has shown clear relative strength — its move has been cleaner, stronger, and its daily structure looks more solid. In markets, the strong usually stay strong, and the weak stay weak. As long as the structure remains in place, waiting for the right setup can still offer solid opportunities.
This is just my personal view — if it doesn’t match your opinion, feel free to ignore it. No need for criticism.
