Afternoon market highlights:
1: Bitcoin 1-hour divergence at the top, pay attention to the strong support levels of 73600 and 72700 for long positions.
2: This morning, Bitcoin long-short ratio is 0.59, there are too many short positions, with some KOLs represented by Xiao Xia.
3: Ethereum daily line has one bullish engulfing pattern, with trading volume tripling. Currently near previous highs, stabilizing at 2820 means the altcoin season is coming. As long as it can hold above 2700, the upcoming market will continue to rise.
4: Today, placing orders at hourly support levels is a safer bet, with orders at 2775 and 2728, position 5.5, an excellent entry point, protecting at 2700, after all, there is a Federal Reserve meeting tomorrow.
5: The Federal Reserve will cut interest rates by 25 basis points this week and next month, but may slow down to acting once every other meeting afterward.
6: Friends with long positions remember to take profits in batches, leave some, don’t gamble, secure your profits, and buy back at the bottom, rolling positions back and forth.
7: Dogecoin has already been sold off by the whales at high levels, any coins that explode in the future should be sold in batches, referencing Dogecoin.
8: If BTC.D peaks, then BTC will experience a slow upward oscillation next, and the altcoin season will truly bring a wave of market activity.
9: Neiro's pullback is the most considered altcoin for entry.