Have you dared to get on the car after the pullback?
Last week's starting point for the Federal Reserve's interest rate cut was around 102000, which means that this week, if it cannot recover above that point, the downward trend is still hard to change. Technically, 97500 and 98000 form an irregular double top pattern, and on the daily chart, the larger cycle is still constructing in the right shoulder area of a head and shoulders top. Therefore, the technical bulls can only say that a new round of upward movement has started if it closes above 99700. However, currently, the bears have locked in their positions, so caution is needed for oversold rebounds!
Today's suggestion is to go long at a low price!
Suggested low long at 94200/3230, with a stop loss at 93500/3170, and a target of 97500/3400$BTC $ETH $XRP