Let me tell you why I continue to be bearish
1. Many of my family members are living in suites like me. When the interest rate was cut, I said that it would rise first and then fall. I personally closed my long position in sol and went short with you. First, let's take a look at the liquidation map. Sol and eth air force basically all fell. It is true that the interest rate cut of 50 basis points is a big positive, but this positive may have been exhausted in advance. If it really stands around 65,300, then I will also turn to long. I think this morning's rise may be the last power-accumulating blow!
2. Market analysis Whether it is sol or Ethereum, whether it is the daily line or the 4h line, they are all in a continuous positive state. Even if they continue to rise, they must have a normal retracement and continue to rise slowly. We can calculate that from the position of 59,150 to the current 64,000, it has risen by 5,000 points. A normal retracement does not break half of the rising force, that is, 2,500 points, which is considered a normal rise. From the Bollinger track, the current position is also close to the top of the mountain or the top of the mountain!
3. The Fed cuts interest rates by 50 basis points. If it is 75, I will not hesitate to buy more. At least I have to see it around 68,000. I said that it will rise first and then fall. The rise has been realized, and there will be a big fall to harvest us. Of course, if it is a technical market, I have nothing to say. Finally, I remind you that the left hand is light and the right hand is left to make up for it. I plan to make up for this order at 64,600. If you don’t enter the first position, I suggest you exit now. This order is relatively risky. It is expected to rise to around 65,300. I suggest you exit Ethereum now because the current price should continue to rise. Compared with the benchmark Bitcoin price of 64,000, Ethereum is considered normal at around 2,800. The above are my personal ideas. If you disagree, your family can choose to trade against you or exit now. After all, I lost one order of Ethereum in the past two weeks, and the rest are all profits. Maybe my good luck has also run out 😂
Anyway, no matter what you say, I will continue to be bearish today and continue to play DJ. If it rises again, I will ask the ancestors, hahaha! 😎 $BTC $ETH $SOL