The intraday cryptocurrency price has stopped falling and rebounded. The long position based on the current price in the morning perfectly aligns with the market trend. Bitcoin has rebounded by more than 3,000 points, and there has been basically no pullback during the day! Ethereum has also rebounded by nearly 150 points! Friends who followed the strategy to buy the dip can take profits or move the stop loss to protect profits!

Looking at the hourly chart, the downtrend in cryptocurrency prices has not yet been broken. The trendline resistance is around 103,000, and currently, the KDJ's J line is at a high level, indicating a minor pullback for adjustment! The four-hour KDJ has turned upward from a low position and has formed a golden cross, maintaining an overall bullish trend! There will also be initial jobless claims data released tonight, but interest rate cuts are undoubtedly positive for the cryptocurrency market. The drop in the early morning was mainly due to Powell's remarks! Everyone should pay close attention to the resistance around 103,000 in the evening operations! The evening strategy will mainly focus on buying the dip! Friends who haven't entered the market can consider entering in batches at 101,500, 101,000, and 100,500!!! For Ethereum, consider entering in batches at 3,650, 3,600, and 3,550!