Many people think that there will be another 50 basis point rate cut in the second half of 2024 in the dot chart yesterday. If there is no change according to the current plan, there may be a 25 basis point rate cut in November and December. (Changes are not ruled out.)
At present, everyone is still immersed in the optimism of the first 50 basis point rate cut, and the market is still reacting.
The start of the rate cut brings a positive attitude in emotions, but liquidity has not increased significantly. So don't be too optimistic, it will take some time to give us an answer. Enter the copy.
❤️9.20 market view. ❤️
$BTC view:
Big cake breaks through 63923 hourly level or 15-minute level entity closes above 63923 on the right side, and falls below the stop loss.
Big cake falls back to 63299 and there is a 2b false break and accompanied by a retraction action. You can add one hand and break the stop loss. Don't take more without a retraction action.
63299 directly broke through the rebound with volume and could not be recovered. Go short on the right side and recover the stop loss. Pay attention to the changes in volume.
Conservative players can patiently wait for the 62836-61835 range to arrange long orders in batches. Run if it breaks. Today, the main focus is on long positions and short positions are supplemented. Follow the trend and do not go against the market.
The only position above the big cake where you can try to short is 65225. If you get it, you can try to short with a small position and break through it immediately. Because once 65225 breaks through and stabilizes, the real upward trend will start.
Pressure above the big cake 64532-65148-65842
Support below the big cake 63453-62836-61989
Flexibly use support and resistance levels and follow the trend.
🎈🎈🎈🎈🎈🎈🎈🎈🎈🎈
$ETH Idea:
If the second cake falls back to 2496 but does not break, you can buy a small lot, and stop loss if it falls below.
If the second cake breaks through 2540 with volume and the hourly level closes above 2540, chase the long position on the right side and withdraw the stop loss.
If the second cake can fall back to the range of 2496-2429, you can buy in batches, and stop loss if it falls below. When I wrote the strategy, the second cake had already pulled up.
Note that above the second cake, if there is a false breakthrough of 2b at 2597, you can sell a lot, and the high point of the false breakthrough is the stop loss.
Pressure above the second cake 2555-2625-2686
Support below the second cake 2462-2427-2388
Once the trend is formed, it is difficult to change. Adjourn.
