Guys, good evening, the cat is rambling again
Just looking at Bitcoin, it's just Bitcoin now, the shanzhai (copycat) is really uncomfortable 🙃
On the 19th at 3 AM, the Federal Reserve will announce its interest rate decision
Personally, I see Bitcoin correcting, the market has shown a resistance level at 108,000, with weak support at 105,000 and 102,000, and strong support around 99,000.
Bitcoin has been rallying, going short is against the trend and carries a lot of risk. But at the turning point, Bitcoin is also at a resistance level, there are basically two outcomes: a bull retracement or a crazy bull that crashes. In the coming January and February, if there is no interest rate cut, and with the Christmas effect causing capital outflow in the US, I speculate it will be a bull retracement. How the market will ultimately move, let's wait and see 🤪
Entry opportunity:
Before the interest rate decision is announced, return to 102,000-103,000 to go long, stop loss at 101,150, enter again at 99,000, take profit above 106,000.
Before the announcement, if it rises to 108,500-109,000, go short, five times leverage, stop loss at 110,800
