Good evening, family: The Federal Reserve did indeed cut rates by 25 basis points this time, but the announcement was ambiguous, saying that future rate cuts depend on the data, and they want to reduce the frequency of rate cuts, which may not be continuous. Old Powell is also trying to create conditions for big players to short the market, so that when Old Trump comes to power, he can rally the market!
Market analysis:
$BTC Can Bitcoin continue to graze downwards? Did you see the opportunity? I mentioned on the day before yesterday that Bitcoin had a bearish candle, which is a signal that it will start to decline. The big players are using market news to wash out bulls. Who dares to continue chasing long positions when confidence is gone? The market needs to stand above 103300; the resistance levels to watch above are: 105000~106300~107800. Currently, there is a 4-hour level rebound, decreasing volume, and we continue to observe. If the market cannot stand above 103300, it will continue to pull back. The support levels to watch below are: 101440~99400~98100. Buy on dips, and continue to look bullish in the future.
$ETH Ethereum has dropped quite deeply, washing out the bulls. At this point, if you don't enter in batches when it drops, when will you? If it dares to drop, you must layout your positions. Pay attention to 3616; if the hourly close does not break below, there will be a short-term stop in the decline. The resistance levels to watch above are: 3751~3827~3913. If it cannot stabilize at 3616, the market continues to pull back; the support levels to watch below are: 3502~3353. This presents an opportunity to build long positions.
$SOL The trend is weak; going long can only be based on the upcoming profit effect of public chains. SOL still has great opportunities, and you can continue to buy on dips. The recent pullbacks have been on decreasing volume, washing out for a while to recover unsteady chips, and continue with a one-sided rally. Pay attention to the key point at 212; if it breaks above, the resistance levels to watch are: 221~232~244. If it cannot break above 212, the market continues to oscillate downwards. The support levels to watch below are: 203~193. If it dares to break down, then dare to build positions in batches.
$DOGE: After breaking below 0.4, it is certain that the bullish chasing chips are being absorbed. We should pay attention to standing above 0.39 to reverse. The resistance levels to watch above are: 0.409~0.423~0.437. If it cannot stand above 0.39, the support levels to watch below are: 0.349~0.326~0.308. Buy on dips and build positions in batches.
