The Federal Reserve is about to raise interest rates, and the market expects it to continue its "hawkish pause." The outcome of this monetary policy meeting is crucial. The market generally predicts that the Federal Reserve will suspend interest rate increases this week, which will give a big boost to cryptocurrencies. Whether the bulls can rise depends on the release of the Federal Reserve's interest rate hike data at 2 a.m. tonight. The data market is highly volatile. Investors must pay attention to reasonable risk management.
Bitcoin closed higher in a shock yesterday, and the daily line went out of a continuous positive pattern. Looking at the four-hour technical structure, the K-line is still running in an upward step channel. The bulls hit the upper moving average and then fell back to correct and accumulate momentum. It is also normal for a partial retracement. Correction method, as long as the 27000 mark does not fall, the bullish trend will continue. Although small-level door openings and reversals frequently occur, it does not affect short-term back-and-forth operations at all. Points are more important than trends. Today's short-term thinking, step back and go long. .
Bitcoin is long in the 27000-27100 area, with a target of 27600 and a breakout of 28000
Ethereum is long in the 1620-1630 area, with a target of 1660 and a breakout of 1700
The points are time-sensitive and are for reference only. If you have any questions, please consult us.
