The bottom-fishing band has stopped profit! Next plan:
CPI data basically confirms the interest rate cut in September
Inflation has basically returned to the target level after 2 years
The interest rate cut is already a positive thing that has been implemented, and there is no power to continue to stimulate the positive
The impact of a 50 basis point or 25 basis point interest rate cut is still there
From the market, in the short term, the CPI data will continue to rebound weakly and then fall back
From 48K-62K, the rebound range is 30%, and the rebound is nearly 13,000 points
Ether rebounded from 2100 to 2780, with a rebound range of 30%, and rebounded by 669 points
From the accelerated decline deviating from EMA to the rebound close to EMA21 and then fell back
The band has reached the top, and then we will see whether the lifeline of the rebound can be maintained
The lifeline of the big cake is 58K, and the lifeline of the ether is 2560
If there is strong demand above the lifeline, it may continue to rebound (low probability)
The tendency to rebound is over, and we will see where the low point of the second bottoming out will appear
Two support intervals are given, this is the second The support that may be received in the bottoming out forms the starting point of the second wave
The first interval is 55500-54500
The second interval is 53200-51200 (if it fails to hold, pay attention to the new low)
Ether synchronization is shown in the figure
The first support is around 2460
The second interval is 2370-2310 (if it fails to hold, pay attention to the new low)
In terms of trading, the spot of the band bottom-fishing has been closed to stop profit, waiting for the opportunity to buy again
Summary of the big cycle market:
This year will continue to bottom out and the big range of shocks
Wait for the main rising wave to use the strategy of continuing to absorb low to extend the battle line, or mainly BTC, ETH, SOL (risk resistance)
The cottage will ambush some speculative short-term in extreme panic (the cottage market will only start in the bull market, such as after the return of the big cake and Ethereum)
The above is my personal big cycle trading ideas
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