The market has been a bit sluggish lately, and with the news that the Americans (the Federal Reserve) might cut rates, many brothers are feeling anxious. Old Zhu understands this feeling! But we need to stay clear-headed: news often comes out to explain after the market has moved! Just focusing on news to trade coins is like driving only looking in the rearview mirror—too dangerous! For example: at the end of last month, before Tesla's earnings report was released, a bunch of 'bad news' was flying around, but what happened? Bitcoin managed to pull a wave despite the pressure, and when the news landed, some people rushed in to take over. This is called 'expectations being digested in advance.'
Let's focus on the market! This is the direction that real money has been smashed out of:
Bitcoin (the big brother):
What's the situation now? Trying to 'catch a breath' on the 4-hour chart, it's a rebound!
Where to focus? Keep a close watch on 114000 (about 114k) this hurdle!
How to proceed?
If it can hold (not broken on the 1-2 hour chart): then there is still energy for a short-term push upwards. The initial target is 115000 (115k); if it can break through, then look at 115970 (close to 116k) and 116900 (116.9k) as resistance levels.
If it can't hold (broken on the 1-2 hour chart): then be careful, a short-term pullback is coming. Look for support downwards: first look at 113300 (113.3k), if it can't hold, then look at 112000 (112k), and finally the last defense line at 111800 (111.8k).
Ethereum (number two):
Where's the key point? 3520! This is today's line of life and death.
How to proceed?
If it stays above 3520 (not broken on the 1-2 hour chart): then the rebound can continue. The target upwards is 3575, then 3631, and for the bold, 3680.
Broken through 3520 (broken on the 1-2 hour chart): a pullback is inevitable. Look for support down: 3465, 3411, 3365; these positions need to be watched closely.
SOL (potential stock, but a bit weak recently):
This rebound itself is quite soft and not very powerful.
Where to focus? 160.8! This is its 'lifeline' for the 4-hour chart rebound.
How to proceed?
Broken below 160.8 (confirmed on the 4-hour chart): then this small rebound is considered over, and it's very likely to continue sliding down. Focus on whether 158, 155, 152 can hold.
Steadily standing above 160.8: this indicates the rebound still has breath and hasn't broken off. Look at resistance upwards: 165, 169, 172.
Old Zhu's viewpoint:
Brothers, don't let those noises like 'the Fed is going to cut rates!' or 'another pullback!' mess up your rhythm. The market has its own language, and the candlestick chart is its voice! When we trade, 'plan your trade, trade your plan' is the king's way. News can be listened to, but the basis for final decision-making must be clear market signals and strict risk control. Just like Bitcoin now at 114000, if it holds, it's an opportunity; if it doesn't, it's a risk signal. You need to have a plan in mind! Just listening to news and chasing highs and lows often leads to getting slapped from both sides.
The market is changing rapidly; the key positions are our 'battle map'! Is it time to add positions or retreat after a breakdown? Tonight's key points have already been marked by Old Zhu! Want to know Old Zhu's more detailed 'doubling code' and 'escape signals' when he monitors the market? Click to follow, and we will continue chatting in our group! Remember, during a volatile market, holding onto key positions is essential to capture big gains! Brothers, stay steady; Old Zhu is waiting for you in the skirt!