Thursday Morning Thoughts Update: Latest Market Analysis for Bitcoin and Ethereum
The Federal Reserve's announcement was uneventful, and the morning still maintains a bearish outlook.
From a technical perspective, after significant ups and downs, the market is in a consolidation phase. The MACD on the four-hour chart is in positive territory, with a shortening histogram and weakening momentum, indicating a possible pullback. The RSI hovers around 60; if it enters overbought territory, there may be a downside risk. Aggressive traders may consider taking a light short position now.
Trading Suggestions:
Short Bitcoin in the 98000-98500 range, with a target of 96000.
Short Ethereum in the 1830-1850 range, with a target of 1780.
It is essential to follow the trend, remain rational at all times, manage your defenses well, and never blindly hold out!
