The Federal Reserve has finished its meeting, and the market is very tangled. We originally thought the price would 'rise and then fall back', but now it seems that the decline might not be so smooth—because as soon as it drops, someone steps in to buy, and last week many people in the U.S. suddenly applied for unemployment benefits, which caused the dollar to weaken and lifted the prices again.
However, from a technical indicator perspective, the upward momentum is already insufficient: in the short term (hourly chart), the MACD red bars are getting shorter, and the two lines are about to form a death cross, indicating that the upward momentum is weakening. But on the daily chart, the MACD is still above the zero axis, and the overall trend has not completely turned bearish. The RSI has also fallen from its high and is now hovering around 57, with sentiment not being very strong, leaning neutral or even slightly bearish.
So right now it feels like 'not moving up much, and not dropping smoothly', both bulls and bears are testing the waters. In terms of operations, don’t chase the highs; wait for clearer direction before acting.
Old K 12.12 Bitcoin trading strategy: 93000-92100 short stop loss above 94300 target 89500 88800-89800 long stop loss below 88100 target 91500
Old K 12.12 Ethereum trading strategy: 3285-3245 short stop loss above 3345 target 3120 3055-3105 long stop loss below 3005 target 3210
$BTC $ETH $LUNA #美联储降息 #加密市场反弹
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.