At present, market volatility is gradually increasing, which is related to the Fed's 50 basis point interest rate cut. However, the Fed's first interest rate cut is not worth paying too much attention to. Interest rate cuts are good for the market in the long run, but short-term ups and downs are possible. Whether it is a callback after the good news is implemented, or a callback has not arrived, or whether the first interest rate cut is a surge or not, it will not change my view on the general trend: the long-term trend of the market is still spiraling upward. Looking back at the afternoon market, the overall market is still in a range of consolidation, which is more in line with the correction after the big market. There is not much to explain this kind of oscillating market. It can be operated in the form of short-term.

From the current market, the overall trend ushered in a peak correction after a steady rise, and the daily line pattern entered the adjustment and correction stage. But the overall technical structure has not changed much. Although the price ratio has been given a small retracement correction during the day, it is also more in line with the correction after the big market. A recent upward trend remains good. The range oscillation in the short term is also relatively normal. At present, the overall trend is still in an upward trend. The further the market moves upward, the weaker the momentum of adjustment, and the greater the upward range will be. So in the afternoon, we will still maintain the strategy of pulling back to buy more.

Bitcoin: Buy around 61700-61500, target 62500

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