The Federal Reserve firmly refuses to cut interest rates, and cryptocurrency prices rise rather than fall! 5.8 Bitcoin Aunt's Trading Strategy

The Federal Reserve announced that it will maintain the benchmark interest rate at 4.25%-4.50%, in line with market expectations, keeping rates steady for three consecutive meetings. After the announcement of the Federal Reserve's interest rate decision, traders continue to believe that the Federal Reserve will cut rates before July, still expecting three rate cuts this year. The short-selling strategy given yesterday perfectly matched the market trend, and following the operations can yield two rounds of short positions! As long as one doesn't get greedy, it's easy to gain a thousand points, around 40 points for Ethereum!

From a technical perspective, the daily chart shows three consecutive bullish candles, with long lower shadows for the past two days. The Bollinger Bands are still in a contraction state, the KDJ lines have crossed upward and are diverging, the MACD lines are closely aligned at high levels, and the trading volume has significantly shrunk. The cryptocurrency price is consolidating at high levels. This morning, it once again surged past 98000, resembling a bullish trap; everyone should be cautious about chasing the rise!

Ethereum continues to be sluggish, with Bitcoin at 98000 and Ethereum still at 1830. The bull market for Bitcoin may truly be due to unfavorable international situations, being treated as digital gold. However, the impact of tariffs has yet to manifest, and without obvious positive news, there is a high probability of a price retracement risk! Therefore, Conan still suggests primarily shorting on rebounds! Key resistance levels to watch for Bitcoin are 98500, 99000, 99500, and 100000, while key support levels are 95700, 94400, 93300, 92700, 91600, and 90500.

5.8 Bitcoin Trading Strategy: Aggressive traders can enter short positions at the current price of 98000-98400, while conservative traders can enter at 98700-99000, with a stop-loss above 99500. The target is set at around 97000-96000-95700-95000, and if the price breaks below, watch for 94500-94000-93500-92700.

5.8 Ethereum Trading Strategy: Aggressive traders can enter short positions around 1840, while conservative traders can enter at 1850-1870, with a stop-loss near 1900. The target is set around 1800-1780-1750, and if the price breaks below, watch for 1730-1720-1700.

Long Position Strategy: The U.S. stock market remains strong, having recovered after a drop yesterday, and the limited outflow of funds from the spot ETF means that the price drop for cryptocurrencies is limited. Therefore, in the first retracement of Bitcoin to 93500-94000, enter long positions with a stop-loss near 93000, targeting around 94500-95000-95000-96000, and hold if the price breaks below!

Ethereum can enter long positions during intraday retracements to 1730-1750, with a stop-loss near 1700, targeting around 1780-1800-1820, and hold if the price breaks below!

This morning, there was another surge breaking recent highs. Currently, there aren't many positive news items, which may just be a scheme by the operators to harvest retail investors!