Good luck at noon. On the occasion of the Mid-Autumn Festival, I wish you and your family happiness and well-being, and a full moon and reunion!
Last night, Bitcoin (BTC) seemed unable to resist the subtle emotions before the festival, and it slipped leisurely from a high of $60,000 to around $58,000, and a nearly $2,000 correction quietly took place. This wave of fluctuations may be related to Mr. Trump's golf course episode, but it is also a natural expression of market adjustments. For those friends who were previously "small-trapped" at high levels, this is undoubtedly an elegant opportunity to get out of the trap.
Originally, we estimated that before the news of the interest rate cut came, BTC would hover around $61,000, but it did not play by the rules and fell below the key middle track support of the four-hour chart, which undoubtedly cast a shadow on the bull camp. But there is no need to worry too much. The market always moves forward in waves. The key at this moment lies in the subsequent important support levels - 58,300, 58,000 and 57,600 US dollars. Whether they can hold will directly affect the short-term trend.
In terms of operation, we suggest that you keep a keen eye on it first. If the above supports are lost one by one, you can wait for a good opportunity to enter the market at a lower position. But please remember that every callback is a spring accumulation, especially in the context of strong expectations of interest rate cuts, BTC is very likely to exert force again before the holiday and hit a new height.
Therefore, our BTC operation suggestion is: in the range of 57,800 to 58,100 US dollars, bravely arrange long orders, and set up a defense line at 57,200 US dollars to respond to changes. The target is directly aimed at the high ground of 59,500 to 60,000 US dollars, looking forward to a gorgeous counterattack.
As for Ethereum (ETH), it also shows the resilience of the market. It is recommended to look for long opportunities in the range of 2,230 to 2,250 US dollars, and use 2,190 US dollars as a solid backing. The target is a new high of $2,350 to $2,400. Let us look forward to this "Mid-Autumn Festival Feast" in the digital asset industry!
