Two recent events that can affect the market have been settled.
First, Powell affirmed the interpretation of interest rate cuts that the economy continues to grow and there is no recession, which stimulated the market to rise accordingly.
Second, the result of the interest rate hike by the Bank of Japan this morning was to maintain the interest rate unchanged, avoiding the expectation that the funds flowing out of the US dollar interest rate cut would flow into the Japanese yen for arbitrage, and could only flow into other risky assets. Then the market continued to rise under the stimulation of good news.
ETH's trend today reversed the continued weak market performance. The previous article suggested entering the market at the key moving average, and the mid-term stop profit position is still the upper edge of the channel.
The key position of the short-term pie is still the double resistance position of the middle track of the speed resistance line and the upper edge of the bull flag channel.
