In the early morning and morning, the main events are driven by incidents leading to a stampede. The market will gradually return to rationality. During the day, we suggest a strategy of buying on dips. The current price has reached this area, and Bitcoin should have reached around 1600 points. Friends with heavy positions can reduce their holdings or set up trailing stop losses to protect profits. The extent of the pullback is relatively large, and it is somewhat difficult to break through all at once to reach the expected target. There is no need for heavy positions! Friends who joined Lao Song's team on October 4th at 5100u currently have an account balance of 203931u. Although the progress is slow, the result is good. Step by step, we will ultimately reach the shore!

1219: Yesterday we bounced back on long positions to about 1800 points. Subsequently, the Federal Reserve's decision to cut interest rates by 25 basis points was announced, revealing that the Fed has no intention of holding Bitcoin, which caused Bitcoin to plummet to around 98744. This position happens to be near the support position of the 30-day moving average. This pullback is actually a good thing, as it digests the previous divergence. Overall, the bullish trend has not changed, whether it is for US stocks or Bitcoin. However, the market movements over the next few days this week need to be closely monitored, with a resistance level at 102000, which is the starting point for an upward break on the 4-hour chart. If it can return to the upper levels in the short term, the bullish trend will continue. Today’s main focus is on recovery, with a strategy of going long first and then short during the day. Long positions at 100000-100500, target 102000-102500. If it breaks 102500, watch for 103100. If it fails to break above and the rebound is weak, a short position can be opened with a target of 99800. Ethereum is in sync.