Everyone thought there was no market sentiment for Bitcoin, so how do we explain this midday pullback? At midnight, I provided the strategy to enter at 104900, and after the market sentiment rebounded, it peaked at this line before starting to drop. The nearly 700-point fluctuation was comfortably absorbed. Here, I don’t have any fancy rhetoric, just concrete price levels and directions. Pay attention to Xiangyu, and I will lead you to gallop through the sea of cryptocurrencies.
From the current market perspective, after the market sentiment stabilized following the pullback on the 17th, it has been maintaining a fluctuating rhythm with gradually shrinking volatility. The hourly level has formed a converging triangle pattern, with volume being relatively balanced. Market sentiment is expected to accumulate and may explode in the evening. From the daily level, after two days of minor K-line adjustments, the price is still being suppressed by moving averages, and the fast and slow lines are diverging straight down. We still expect the market sentiment to gather momentum and move downward. In the afternoon, just maintain a high market sentiment strategy.
Bitcoin: 105000~105300, looking down at 103000.
Ethereum: 2540~2560, looking down at 2440. #鲍威尔发言 #美联储FOMC会议 $BTC $ETH