The trend of interest rate cuts is increasing and easy to grasp, while the surge of $ETH is a surprise and a gift for holders. Along with that, the strategy of buying $BTC in the morning has achieved its goal with a profit of 2000 points.
Last night, the Federal Reserve reduced interest rates by 25 basis points, in line with market expectations, and the market also reached a new peak as anticipated, only that the major currencies fluctuated inconsistently, indicating that the overall liquidity in the market is still lacking, currently, we can only wait for an increase in liquidity in the near future.
From the current liquidation map, it can be seen that there is a high leverage ratio between buyers and sellers, with buyers still dominating, while the market price continues to set new peaks, the selling force is becoming stronger, indicating that if the market wants to continue to rise, it will face more obstacles.
From a technical perspective, the overall trend of BTC is still upward, but after setting a new peak, it is currently in a correction phase. In daily operations, I still prioritize buying positions. The upper pressure positions focus on 77000 and 78000, while the support positions focus on 75500, 74500, and 73500.
Today's strategy: buy around 75000, target 76300-76500.
Wishing everyone a successful new day.
