$BTC$ETH

Evening Analysis:

Interest rate cuts have turned into bearish news. Remember to stir up the winds and clouds, and soon it will be Christmas disaster! The road is long and winding; when will the account be stable?

After three consecutive days of high warnings, the anticipated ten thousand dollar drop has indeed arrived. This morning, Bitcoin fell below 100,000. Although it rebounded to 1026 during the day, it currently seems to be struggling to rally. Last night at 2 AM, we witnessed this historic moment together. The interest rate cut led to a complete crash; the US stock market plummeted, gold broke through 2600, and the crypto market saw widespread declines! There was not even a hint of a rebound, which was indeed slightly beyond expectations! So I didn't dare to let everyone chase the short position, as the psychological pressure during extreme market conditions is too great!

The intra-day movement of BTC cannot be considered a strong rebound; a drop of 4000 dollars is within expectations, and in normal circumstances, a drop of ten thousand usually has a rebound of 3-5 thousand. I still believe the basic direction is a rebound to short, as this is just the first injection; there should be a second injection in 4 hours! In principle, the bullish trend of BTC has not been broken; it still belongs to an upward channel. If it starts from ten thousand, at least 100,000 in weight can definitely go long directly. After all, locking in this 2000 dollar profit is crucial; don't let it drop and risk giving up profits or even cutting losses! The one-hour rise of BTC at 1026 faced resistance; if this rise doesn't show a V-shaped reversal, the top will be at 103500!

Ethereum, on the other hand, is not optimistic. Currently, the daily line has broken the previous high and diverged, breaking the daily level upward trend, and it needs to retrace to the weekly level! So for now, don't force the bullish trend; at this time, unless it's spot trading, it doesn't help to talk about 5000. You need to consider your position's bearing capacity! Today's rebound to 3720 is an excellent position to enter a short position. You can benefit from a retracement back to around 3560!

The above analysis is purely personal trading records; profit and loss are the responsibility of those who follow the trades!