The interest rate meeting on Thursday has decided to cut rates. Is Bitcoin and Ethereum 'jumping the gun'? Weekly signals have just appeared. Can this wave of ten thousand points be entered?
Market Analysis:
【Ethereum: Breakthrough confirmed, pullbacks are opportunities】
Ethereum's weekly chart has clearly formed a bullish engulfing candlestick, breaking through the key resistance level of 4180, and has also formed a bullish continuation pattern. The technical bullish trend is very clear.
From an operational perspective, 3700 is the current core support level. As long as this price level is not breached, any pullback is a good 'entry point', and one can firmly buy on dips. The short-term target is directly aimed at the 4500-4700 range, and the upward space has opened up.
【Bitcoin: Breakthrough pending, focus on key levels】 Bitcoin has also formed a bullish engulfing candlestick, with strong bullish momentum, but has not yet broken through the critical resistance level of 116500. Referring to historical trends, once this resistance level is effectively broken, it will confirm a new round of bullish trends, with targets directly looking towards the 120000 mark. The potential for market breakout is worthy of close attention.
【Macroeconomic catalyst: Rate cut benefits realized in advance】
This Thursday's interest rate meeting is highly likely to result in a rate cut. Historical data shows that rate cuts release market liquidity, and some funds often flow into the cryptocurrency market, driving asset prices up. The strong performance of the two major mainstream coins currently shows signs of funds realizing the benefits of the rate cut in advance, adding another layer of support for the upward trend.
A better life is just around the corner; it depends on whether you dare to think and follow! Join the chat room, and we will arrange real-time tracking of positions and levels!!! Join the chat room
Continued attention: DIA PIVX ZEC DASH GIGGLE OG F YB
