$BTC Wednesday, today's market will be slightly volatile during the day

If we have to say which side will be more volatile, it will be slightly more on the upward volatility

We need to leave ample space for selling pressure, and provide enough liquidity for buying during interest rate cuts and Powell's speech

If Asia and Europe directly decline, it is hard to imagine what a collective panic would look like

The altcoin market is expected to remain stagnant, the second coin may be slightly weaker, but the main coin will continue to perform strongly

For example, if it drops to 105800-105500, it will start to rebound, and then rebound to 106800-107300 before starting to fluctuate downward

Waiting for a wave of upward selling pressure to complete the initial selling before the interest rate cut is announced

So if participating in short positions during the day, be cautious and exit early; of course, if you are as strongly bearish as I am, then choose to endure the volatility that comes with it

Today there will be at least three opportunities for high short positions, but each time it may be daunting to act, only in this way can the selling pressure be released smoothly

For long positions, I believe that the level of 102500 cannot be broken; once it is broken, the price will continue to decline in the following days, while also paying attention to the market share of the main coin. If the market share continues to rise while the main coin declines, it indicates that the altcoin opportunity is approaching, choosing the targets you believe in to buy will be a good choice

However, if the main coin falls and the market share also declines, then the altcoin represented by the second coin will be the first to explode, and the market will enter a new round of altcoin rotation

If Powell’s speech tonight stimulates the market again and pushes the main coin to a new high, then a rebound short position on the second coin would be a good opportunity, while other altcoins remain stagnant

The uncertainty for tomorrow is the interest rate decision of the Fed