Good evening, family: The Federal Reserve indeed lowered interest rates by 25 basis points this time, but the statement regarding the rate cut is ambiguous, saying that it will look at data for future cuts and aims to reduce the frequency of cuts, which may not necessarily lead to continuous cuts. Old Powell wants to manipulate the market for a big drop, so that Old Trump can come to power and pull the market up!
Market analysis:
$BTC Can the big pie continue to come down to graze? Did you see the opportunity? I mentioned two days ago that the big pie closed with a bearish candlestick, which is a signaling pattern indicating a beginning of a decline. This time, the market manipulation is directly washing out the bulls; who dares to continue chasing long positions now when there is no confidence left? The market is standing at 103300; the resistance levels above to watch are: 105000~106300~107800. Currently, it is showing a 4-hour level rebound on decreasing volume; keep watching. If the market cannot hold 103300, it will continue to pull back; watch the support levels below: 101440~99400~98100, key points for buying on dips; the outlook remains bullish.
$ETH Ether has dropped quite deep, washing out the bulls. If you don't accumulate in batches now, when will you? If it dares to drop, you must layout your positions. Focus on the 3616 level for Ether; as long as it doesn't break this level at the hourly close, it will stop dropping temporarily. The resistance levels above to watch are: 3751~3827~3913. If it can't stabilize at 3616, the market will continue to pull back; support levels below to watch are: 3502~3353, opportunities to build long positions.
$SOL The trend is weak; going long can only look at the upcoming public chain profit effect. SOL still has big opportunities and can continue to buy on dips. The recent waves of corrections have been on decreasing volume, washing out for a while, and bringing back the shaky chips to continue a one-sided rally. Pay attention to the point at 212; if it stands above this, the resistance points to watch are: 221~232~244. If it can't go above 212, the market will continue to fluctuate downwards. Watch the support levels below: 203~193; if it dares to break, feel free to accumulate in batches.
$DOGE After breaking below the 0.4 level, it confirms the collection of bullish chasing chips; attention must be on standing above 0.39 for a reversal. The resistance levels above to watch are: 0.409~0.423~0.437. If it cannot hold 0.39, the support levels below to watch are: 0.349~0.326~0.308; buy on dips and accumulate in batches.
