How will tonight's Federal Reserve decision stir the market? Understand it before taking action!
Tonight, the market makers may cleverly leverage the power of news to add a boost of 'fire' to the market trends. However, everyone should keep their eyes wide open and pay attention to any potential spikes followed by pullbacks in the market.
At 2 AM, the Federal Reserve will announce its interest rate decision, and the market almost unanimously expects no rate cut. In terms of Bitcoin, there are many pressure levels above. From a technical analysis perspective, placing short positions near 97800, 97900, and 98500 is a relatively reasonable strategy. Considering multiple factors, it is highly likely that it will struggle to effectively break through the 100,000 mark. If the market experiences a false breakout and the price quickly falls back, it is likely that a downward trend will begin. In this downward scenario, the key support levels below are at 91500, 90600, 89000, and 87516. It might be worthwhile to consider taking long positions near these support levels.
Looking from a macro technical perspective — the weekly level — it has been five consecutive weeks of upward movement, and the MACD is about to form a golden cross. On the surface, all of this seems to be pushing the price towards the 100,000 target. However, I have a different viewpoint from most people, believing that this process will not be smooth sailing. Before truly taking off, it is likely that there will be one more dip at the bottom, so for spot traders, my advice is: tonight, observe the changes first, and consider entering the market to buy the dip only after the volatile situation stabilizes.
Looking at Ethereum, it has also attracted the attention of many investors. If you want to try buying the dip, pay close attention to several important levels: 1752, 1688, and 1580.
All of these operational suggestions are merely references based on the current market conditions and technical analysis, not exact buy/sell instructions. The investment market is unpredictable, so everyone must remain vigilant and strictly implement profit-taking and stop-loss measures to keep risks within their tolerable range.
I hope that friends who come across this article can sail smoothly on their investment journey, achieving profits every day and accumulating wealth continuously!
