The market continues to push for new highs tonight while the altcoins continue to bleed 🩸🩸🩸. How should we layout next?

#BTC The big coin just broke the new high hitting 108300 and started to pull back. It's just in time as the US stock market opened low and continued to drop, and the market followed suit, hitting a low of 105670 before starting to rebound. 105000 here can also be considered a support level. If it breaks below here, it could drop to around 103200. In the short term, the big coin remains strong, with both lows being raised and highs also trending upwards.

#ETH The second coin also dropped with the big coin, hitting a low of 3913, and is currently rebounding to around 3930. There is still support around 3910. If you don't have a position, this is a good place to build a head position. If it drops further to around 3850, you can add another position. As long as it doesn't drop below 3800, don't stop loss; for profit, you can aim to break above 4100.

Forecasting the market trend for the next two days, there will be an interest rate cut at midnight on the 19th. If there is no rebound before the rate cut, there may be a rebound after the cut. First, the second coin needs to break above 4100, then the altcoins will rebound because they have been steadily declining for many days. The rate cut is favorable for a FOMO rebound, then around the 25th, it will slowly pull back and continue to decline towards the end of the month.

For those without positions in altcoins, you can build positions if they drop tonight. For those with positions that have dropped significantly, you can add a bit more.

If you don't have these two altcoins, you can also pick up a bit of spot. #ETHFI⁩ current price 2.65, #EIGEN current price 5.15. Start with a head position, and if it drops more, just add another bit. Once there's a rebound in the next few days, you can sell off.

Pay close attention to the Federal Reserve's interest rate decision at 3 AM on the 19th. Normally, barring any surprises, it should be a 25 basis point rate cut.