2024.9.18 Today's market analysis: ##btc ##eth

The Fed will make an interest rate decision at 2 a.m. tonight. The market expects a rate cut. How much impact will this have on the market? But now, before the key news comes out, the market has already pulled up? Is this a pull-up to sell? Or is it an early entry?

From the daily line, the K-line combination in the yellow box is quite interesting. It is a strong structure of the bulls. The only shortcoming is that the closing line is not above the first big positive closing line, and there is no complete engulfment. However, the strength is also very good. This pattern continues to be bullish. In addition, it is currently suppressed near 0.618, and there is also suppression of the downward trend line. This is very critical, and there is key news. Tonight should be very exciting.

In 1 hour, the strong support below is in the 58900-59400 area. This is the gap of the previous gate, which has become the long-short conversion position. In addition, the current big positive line in 1 hour has the need to fill the gap. If it falls back and holds, you can consider entering the long position. The upper side considers the pressure performance near 62000, which is also the previous shock range. The first time it is under pressure, you can consider short positions.

ETH is relatively clear. Near 2307 has always been a key pressure support area. After the market stabilized after stepping back to 0.618, it turned upward. Here, it comes to 2307 again to test the support. If it holds here, you can directly consider long positions, and the upper side looks at the key pressure near 2390.

Tonight's interest rate decision, you can wait for the news to come out and then follow the trend. During the day, try to focus on short-term trading. If you want to gamble on the news trend, you also need to bring a good capital protection loss.