The Federal Reserve decided to cut interest rates by 50 basis points in the early morning, which brought about a fierce game between bulls and bears. We can see that although the current closing price on the daily chart is almost the same as yesterday's, the propeller is moving up and down, expressing the strong divergence between bulls and bears in the market. I am more inclined to a bull market in the future market trend, but I think there will be another drop in the first half of October, and then a bull market will start in the second half of the month. Just prepare the chips in your hands and we will continue to wait.
In the medium-term trend, as we expected yesterday, the price fell after closing the key peak signal based on the upper resistance level, and has now effectively broken through the resistance level after being stimulated by the news. The market has not produced any structural characteristics. It will be safer to continue to wait and see.
The short-term pin-point gates are more frequent and the volatility is severe, but overall the probability of continued intraday increases is relatively high. It is just not suitable for operation temporarily. We look forward to the market providing operation opportunities during the day.
Idea: First look at the test of 64500 resistance, then look at 66650 resistance. If it can really reach these two positions, it means that the trend has changed, and then it will indeed become an upward trend, but why do I see another drop in October?
Because every period of rise or fall will have a correction, so the real bottom is the correction when it starts to rise. I won't make a prediction here, I will continue to update, if you agree, then like, forward, follow Liulangbifu, and get the latest market analysis and information.
Strategy: short at 64500, cover at 65000, lose at 65500, target at 61500 first, change at any time later
Everyone is also concerned about what coins to buy at the bottom. As mentioned before, the more stable ones are AVAX and LTC;
PEPE with large fluctuations, I will continue to update this series. If there is a coin you like or believe in, you can choose it yourself.
I personally prefer PEPE, which is suitable for small and medium-sized funds, while AVAX and LTC are suitable for large funds.
News information:
Ethereum, the important news is about the Prague upgrade at the end of the year. This upgrade will be carried out in two parts, that is, two pull-ups. The first upgrade will be in the first quarter of next year, and Ethereum usually starts to rise sharply two months before the upgrade, and each time it ends with a doubling.
I can only say that there is nothing wrong with going long on Ethereum in the long term, but you have to be able to withstand the test of time.
This article ends here today. If you have any questions, you can leave a message in the comment section.
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