The idea maintained over the past days has also provided a good opportunity for profit taking.
In the early session, the long position perfectly captured a space of 2000 points, followed by a short position that accurately seized the pullback opportunity at 97200, exiting at 96200, gaining a volatility space of 1000 points. After the price reached the support level at 96200, the long position was finally closed at 97400, successfully capturing a wave space of 1200 points. Overall, today's gains are quite good!
The K-line is running closely along the upper Bollinger Band, with the MACD fast and slow lines maintaining a golden cross, indicating that short-term bullish momentum still exists. However, with shrinking trading volume and decreasing volatility, combined with the RSI approaching the overbought area (approximately 60-70), one must be cautious of technical pullback risks. The Bollinger Bands are tightening, and the price is oscillating near the middle band, suggesting that short-term bearish momentum is being released, and trading volume is slightly increasing, indicating a buildup of demand for a technical rebound. If the price stabilizes at the middle band, it may probe the upper Bollinger Band; if it breaks below the middle band, attention should be paid to the lower band for support. If the Federal Reserve unexpectedly mentions interest rate cuts, it may trigger significant market fluctuations, necessitating strict stop-loss measures. Technical divergence: 4-hour level top divergence and RSI overbought resonance increase the probability of a pullback, avoiding blind chasing of highs.
In summary, it is recommended that investors remain cautious before the Federal Reserve's decision, using key technical levels to control positions and adjusting strategies flexibly based on policy signals after the meeting.
In the short term, Bitcoin can be bought near 96000, with a short-term target of 98000 and a stop-loss at 95500. For Ethereum: can be bought near 1780, with a short-term target of 1880 and a stop-loss at 1750.