Fundamentals directly hit
China's central bank strikes hard, releasing trillions of liquidity!
The central bank announced a 0.5% reserve requirement cut, expected to inject 1 trillion long-term liquidity into the market;
Policy interest rate lowered by 0.1% to 1.4%, structural tools and provident fund rates simultaneously lowered by 0.25%;
A-shares gapped up at the open, BTC surged by 3000 points due to positive stimulus!
Regarding the Federal Reserve, the interest rate decision will be announced at 2 AM Eastern Time, with the market generally expecting a 96.9% probability of maintaining the current rate, key will be the subsequent policy wording, which may again affect global liquidity trends.
On-chain data shows that USDC Treasury minted 250 million USDC, further increasing the issuance of stablecoins boosts market sentiment, indicating that large funds may enter later.
Technical analysis in full
BTC: Violent surge returns to 98K, bullish targets aim directly at 100,000!
In the morning, Bitcoin surged over 3000 points in a single day under policy stimulus and capital drive, rushing back to the high of 98000. Yesterday's daily line ended a three-day losing streak, today it directly closed with a strong bullish candlestick, short-term bullish sentiment strongly returns, and the price is expected to challenge the $100,000 mark.
From a 4-hour cycle perspective, although it briefly fell below the 30-day moving average yesterday, it quickly returned and confirmed support multiple times, the moving average system has formed a golden cross divergence pattern, and the short-term trend is biased towards strength. Due to the rapid rise, short-term technical pullbacks still need to be guarded against.
Lower support level to watch: 96500-95500
Upper pressure level to watch: 97500-98500
Today's key observation: The Federal Reserve's interest rate meeting will become the biggest variable of the day!
ETH: Is the main force's position washing over? Restarting at 1800, waiting for the follow-up rise.
ETH's recent overall trend shows a 'volume increase + volume decrease adjustment' healthy rising pattern. Although last week’s trading volume was insufficient, the price repeatedly tested and pulled back, and yesterday it closed again with a hammer candlestick, re-establishing above 1800, indicating that the main force has not retreated and is still washing positions and accumulating.
The last upgrade of the ETH mainnet has been completed, subsequent sharding optimization, state compression, and other technical improvements will gradually release dividends, and the market may explode at any time.
Lower support level to watch: 1815-1795
Upper pressure level to watch: 1845-1865
Target after breakthrough: 1960-2000 range
Short-term attention should be paid to the passive rebound rhythm following BTC, if ETH can develop an independent market, it may drive the overall rise of altcoins.
Altcoin observation: Opportunities are brewing! Focus on these directions
Projects with high technical content have a first-mover advantage around the core direction of Ethereum upgrades (POS consensus mechanism, sharding expansion, state compression, etc.).
NEAR: Leading sharding architecture over ETH2.0, and has submitted a listing application to the US SEC, currently priced at 2.23, strong resistance to decline, worth close attention.
WIF & PEPE: After five consecutive days of adjustment, a stop-loss signal has appeared, the MEME sentiment sector may welcome a rebound opportunity first.
