Market long and short game, key nodes are about to be revealed!
Recently, Bitcoin has been stuck at the $80,000 mark, and the market is in a dilemma, with no clear breakthrough or significant pullback, showing an overall high-level fluctuating trend. At the same time, institutions are cautious and there are no obvious signs of bottom fishing, leaving the short-term market direction still unclear.
Tonight, the Federal Reserve's interest rate decision will become a key variable for the market. It is expected that there will be neither a rate cut nor a rate hike, and the market is likely to maintain fluctuations. The real volatility may occur after the policy interpretation stage at 2 AM. If Powell releases a hawkish signal in his speech at 2:30, the market may experience a brief spike followed by a pullback.
📊 Trend Analysis: High-level fluctuations, waiting for news to land
🔹 BTC Key Range
Upper Resistance: $84,000 - $85,000. Without significant capital support, breaking through will be challenging, short-term shorts may be considered.
Lower Support: $81,000 - $81,800. If it breaks below $80,000, it may trigger a larger adjustment.
Short-term Strategy:
Short: Short near $84,000 - $85,000, target $82,000
Long: Long near $81,000 - $81,800, target $83,500
🔹 ETH Key Range
Upper Resistance: $1,960 - $2,000, significantly under pressure in the short term, still has not emerged from the fluctuating structure.
Lower Support: $1,870 - $1,890. If it breaks below, it may test around $1,850.
Short-term Strategy:
Short: Short near $1,960 - $2,000, target $1,877
Long: Long near $1,870 - $1,890, target $1,950
🔍 Trading Strategy: Cautious layout, control risk
1️⃣ Before the Federal Reserve meeting, the market is heavy with cautious sentiment, making it unsuitable for aggressive trading. In the case of unclear short-term direction, it is recommended to operate with light positions or wait for news to land before taking action.
2️⃣ Pay close attention to the Federal Reserve's speech at 2:30 AM. If hawkish signals are released, the market may spike and then pull back. It is advisable to set take-profit and stop-loss orders in advance.
3️⃣ Control positions to avoid excessive leverage. The market is highly volatile in the short term, and novice investors may wait for clearer market conditions before entering, reducing unnecessary risks.
📌 Conclusion: Be patient and wait for the market to provide answers
The market is still in a high-level consolidation phase. Short-term trading can be done within key support/resistance ranges, but excessive chasing of highs and lows should be avoided. Tonight's Federal Reserve meeting will be a decisive factor for the market direction.