BTC Market Analysis
Federal Reserve Interest Rate Decision:
In the early hours of Thursday morning, the Federal Reserve will announce the interest rate decision and Powell's speech. Rate cuts have become a high-probability event. Market expectations for a 50 basis point rate cut are gradually heating up, and the overall sentiment is bullish.
Political factors:
Trump has been assassinated again, which may stimulate the rise of mainstream currencies, and the MEME concept currencies involved may explode briefly. As the US election approaches, it is recommended to pay attention to assets with potential for catch-up gains, but for currencies that have already risen, it is not advisable to chase highs for the time being.
Technical pattern:
The daily chart shows a large-volume rebound, forming a bullish trilogy pattern. It is necessary to pay attention to whether the KD indicator enters the overbought area, be alert to high-level passivation and theoretical adjustment needs, and beware of price declines.
Key pattern:
The current price is close to the upper edge of the triangle. Once it breaks through, it will open up space for further increases. However, there are multiple moving averages (MA60, MA120, MA200) and Fibonacci 0.618 reversal positions at high levels, which may face greater resistance.
4-hour chart analysis:
Pay attention to the top divergence signals of KD and RSI.
1-hour chart analysis:
Pay attention to the pullback buying opportunities of the rising flag. Short-sellers can consider entering the market, while investors holding long orders at low levels should protect their profits, control their positions, and set their targets in the range of 62,000 to 63,000.
Trading strategy
Entry of long orders:
Buy in batches in the range of 59,500 to 60,000, with the average price set at 59,750.
Stop loss: 58,750
Take profit: 61,000 to 62,000
Please adjust your strategy in time according to market changes and remain flexible.
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