The turning point for Bitcoin and Ethereum is getting closer, just waiting for the reshuffling to restructure.
Not everything has right or wrong, not every fluctuation can make a profit. Only trade what you are good at, and wait for the opportunities you believe in. The market is like a mirror, reflecting everyone’s character clearly. Time will eventually grade everyone; you must learn to accept and understand how to enjoy.
Hello everyone, I am the trader Black Cat. Continuing from our last discussion, the results of the early morning meeting were similar to expectations. Old Powell is really good at playing Tai Chi, one moment he says a rate cut might happen, and the next he says it might not. The core meaning is that we need to see how the S policy affects the subsequent market before making a decision. He also hinted that if this policy doesn’t happen, market expectations would be better, and a rate cut could come sooner, implying that he is shifting the blame to Trump. The meeting news did not have a big impact on the market; the previously mentioned short-term long positions for Bitcoin (long at 103500 and 2480) have secured profits.
The technical structure hasn’t changed, and there are no new tricks in the short-term expectations; we’ll continue with the old approach. Bitcoin is still being pressured by the MA and the middle track on the daily chart. Without breaking this barrier, a reversal is simply not possible, and it maintains a weak fluctuation for now. The lower support hasn’t broken yet, so we could wait for another test. If it breaks, we’ll look for new support, such as near the daily MA60 and the lower track. The interpretation of the weekly chart was discussed in detail on Monday; friends who need it can go back and take a look.
Ethereum is now being held back by the MA7 on the daily chart, with the middle track also pressing down. In summary, I feel that the point of breaking the box is getting closer. For those trading short-term within the box, prepare your plans in advance. In terms of operations, you can refer to Bitcoin, first waiting in the lower support zone, and if it breaks, then look near the daily MA60. Friends who like to study the weekly chart should pay attention; there are many nuances in Ethereum’s weekly chart. Is it an opportunity or a trap? Just like Old Powell said, the uncertainty is too great; it all depends on what you believe in. But regardless of what you believe, ensuring proper risk control is always correct.
Tinkering around blindly will never lead to opportunities. Follow me closely, and I will guide you to find tenfold potential coins! Holding top-tier primary market resources!