The morning bullish trend has not continued too strongly, remaining primarily in a range. The current market has dipped to around 105000. Today, the key focus is on the Federal Reserve's interest rate cut expected at three o'clock on Thursday morning, with a 25 basis point cut being highly likely. Therefore, as the positive news approaches, the market continues to give retracements, showing a clear buildup for an upward surge. As mentioned yesterday, 108000 is not the highest point, and there is still a demand to break higher after the interest rate cut.
After the morning market retracement, the morning closing node continues to recover, without extending the bullish trend too much. After the daily line closes with a doji star, the daytime continues to retrace but has not broken through the key support. From the four-hour line, after yesterday's surge to a new high, the price has retraced to near the middle band, stopping the decline. The strong momentum remains unchanged, and the upward trend should continue, treating the middle band as support for short-term arrangements. In the daytime operations, adopt a short-term range trading mindset, as the market has a demand for upward surges; be bold and go long.
The major coin can be bought between 105000-105300, with a target near 107000. Ethereum can be bought between 3830-3850, with a target near 3920. #BTC再创新高 $BTC $ETH