Technical side:

Last night, due to the stimulation of the news, the market touched 70,000 and fell back. At present, the 70,000 mark is facing a relatively large selling pressure. In the day, it will still be mainly oscillating. The lower defense is still 66,000. The short-term upper resistance of 69,300 and 70,000 will see whether it can be effectively broken through. If it cannot be effectively broken through, it will maintain the range of 66,000 to 69,300. If it continues to maintain at 69,300 and does not break upward, I still have to pay attention to a downward callback or oscillating downward to repair.

Ethereum's rebound this time is not as strong as Bitcoin. It also hit the previous range and then fell back. The four-hour intraday indicator needs to be repaired. Then we focus on whether the interval 3530 and 3620 can break through upward. If it cannot break through, it will maintain near the EMA 30 line moving average to oscillate. If it continues to be suppressed, we must pay attention to whether the low point is raised. If it cannot be raised, we still need to pay attention to a short-term correction. The lower support is 3530~3445 and the upper resistance is 3620~3650-3700. The cottage is currently maintaining the bottom position at the corresponding low level, controlling the position to 5 to 6 layers, and the entire market still needs grinding. In summary: We are currently on the eve of the interest rate cut, so this period is still an opportunity for us to absorb funds. The data in the past few days has scared away a large number of people. The day after tomorrow is beautiful, and tomorrow is cruel, but many people fell tomorrow night! News:

Powell's speech last night was quite restrained, trying to dispel the market's over-optimism

The Fed has maintained the benchmark interest rate at 5.25%-5.50% for the seventh consecutive time, in line with market expectations

The Fed's dot plot suggests that there will be four rate cuts in 2025 (three rate cuts are expected in March)

Affected by Trump's promise to support Bitcoin mining, the stock prices of the top ten mining companies rose by about 10%, and the Biden campaign team is considering accepting crypto donations through Coinbase Commerce

8:30 p.m. on the 13th: PPI data, first-time unemployment claims

Friday: Consumer Confidence Index

Friday: 2024 European Cup starts

AR held a press conference at 11:00 p.m. to announce the release plan of AR public chain token AO

The total amount of AO is 21 million, which is halved every 4 years. Like BTC, it is a new type of public chain

All tokens are produced through AR and are not sold to investment institutions

#心诚 $BTC