$BTC $ETH $SOL
Midday Review:
Last night, the most classic statement in history appeared: I will not resign because of Trump! — Powell
The election has concluded, with an interest rate cut of 25 basis points at midnight. The unemployment rate in the U.S. has decreased but remains low; the economy is strong, and inflation still exists, temporarily maintaining a neutral policy on rate cuts, and even considering delaying cuts!
The three major U.S. stock indices were mixed, with the standout being the Nasdaq tech stocks surging across the board, mostly revolving around the Angsah Group!
The market has once again reached a historical divergence point, 78 hasn't been reached yet, and we're already seeing 80,000!
I believe there is still some distance to go!
The 76,760 mentioned at midnight last night, along with Ethereum at 2,900 and Solana at 200, have all been reached. My short position has once again mysteriously disappeared upon waking up! Only the short position at 2,950 remains hanging at 2,950, and miraculously, I've seen a hint of green again! I chose to sell half at 2,895 and continue to hold until 3,000! For now, I’m just keeping a trading record, as money might not be easy to make in this phase! Everyone can wait for a better opportunity!
Last night, the judgment of maintaining a 25 basis point rate cut and the subsequent pullback had a slight effect!
During the day, it continued to move with a 1-hour pullback before surging again; currently, it is extending the third pullback on the 1-hour chart! Whether it completes the fourth push to hit 768 or exceed by 500 dollars depends on the ETF purchase data tonight. Last night saw historically high data at IBIT 1.46, with Ethereum inflows of 70 million USD! In the short term, there are indeed no major bearish factors; the perspective is only looking at technical pullbacks! Of course, all the positive factors have already materialized, so if there is an opportunity for a long-term bearish trend, the premise is to have positions in the market!
I chose to enter a short position at 763, waiting for a moment to pull up and add to my position! At worst, I would lose 1,000 dollars! It would be best to break a previous high and complete a short-term divergence! Taking advantage of lower liquidity over the weekend to complete a pullback! In the range of 72,000 — 71,500!
Ethereum has completely broken through the range of 21-27; once it stands above 29, it should indeed target 3,250. However, because the rise was too sharp, it still needs to complete a pullback to the daily moving average of 200 at the 277 bottom. Once it breaks through the consolidation box that has existed for three months, the significance of a deep pullback will be diminished, unless it is one-sided, with high leveraged long positions, and then deeply inserts again, similar to the market movement in January!
The trend of Solana is almost identical to Bitcoin, so whatever Bitcoin does, Solana will follow suit!
