Here it comes, the main event tonight, the Federal Reserve's interest rate meeting!

It is well known that the Federal Reserve has significant matters tonight, and this interest rate meeting is the last one of this year. As for next year, whether it is three times or five times, remains to be seen; we only need to focus on this one for now.

Let's review the market movements:

After a rise to 1083 yesterday, the US market saw a significant pullback. Remember, it was significant. Why do I say this? Look at yesterday's overall range, which was nearly a 3000-point increase from 1054 to 1083, while the pullback was from 1083 to 1056. This means the drop has erased the rise. Therefore, continuing to decline is inevitable. I mentioned this in the live stream last night; you see, from midnight to this morning, hasn't it come down, with a low point reaching 1030?

So how do we operate today? Here are a few key levels:

The lower range of 993-996 is a previous dense area. If we can drop to this level, no matter what you do, I will definitely enter here. Perhaps my position will be a bit heavier, but do not go all in.

Next, the levels of 1005-1008, and another at 1025. Currently, these three levels are tentative entry points. The specifics will depend on the actual market movements. If we quickly drop and break below 1025, then it won't be suitable to enter. Additionally, if positive news comes out today and the rebound is below 1053, then we can enter to see a downward trend.

At three o'clock, the Federal Reserve will decide on interest rates. To conclude, a rate cut is inevitable, firmly established. Here comes the key point:

If we drop to 1025 before three o'clock, then we will enter to see an upward trend. Since it is news-driven, we must know when to stop. If we break below 1025 after three o'clock, we can enter around 1005-1008. If we drop to these two levels and do not reach them, I will alert in the live stream, so there is no need to worry.

One more thing, Powell's speech is extremely crucial. If his statements lean hawkish, it will be bearish for Bitcoin and will lead to a decline. If they are dovish, it will be bullish and will lead to an increase. Therefore, if you want to grasp the market based on news, you must understand the significance of his words and enter the market accordingly, but keep it moderate and don’t try to achieve too much at once.

The above is just my personal opinion, please do not criticize harshly. See you in the live stream at ten o'clock tonight.