Bowman said there will be three interest rate cuts by the end of the year, be cautious about reverse harvesting! 8.10 Bitcoin strategy

Federal Reserve Governor Bowman stated that recent employment growth data has been significantly revised downward, highlighting the reasons for the Fed to cut interest rates. The apparent weakness in the labor market outweighs the risks of future inflation rising, and she expects to support interest rate cuts at the remaining three meetings of the Fed this year. Ethereum surged again, breaking the 4300 level in the morning, while Bitcoin continues to fluctuate in the 116000-117500 range; shorting Ethereum means shorting Bitcoin for easy profits of a thousand points. Unfortunately, for those shorting Ethereum, it’s better to set a stop loss of 20-30 points, don’t hold positions!

From a technical perspective, Bitcoin's daily chart shows another bearish candle, while Ethereum has recorded another bullish candle, having achieved four consecutive bullish candles and breaking above the upper Bollinger Band on the daily chart. The KDJ three-line golden cross is upward, with all three lines in the overbought zone, while Bitcoin shows clear weakness. Yesterday's rebound was also driven by Ethereum. At eight in the morning, Ethereum formed a long upper shadow doji; everyone should be cautious about chasing the rise!! For Bitcoin, watch for resistance levels at 118000, 1189000, and 119500 above, and support levels at 115500, 114200, 113300, and 112600 below. For Ethereum, the resistance levels are 4300, 4325, 4400, and 4500.

8.10 Bitcoin trading strategy: Aggressive traders can continue to short on a rebound at 117200-117500, while conservative traders can enter at 118000-118500, with a stop loss near 119000, targeting around 116000-115000-114200, and if it breaks, watch for the area around 113300-112600, continue to adjust the stop loss based on the situation!

8.10 Ethereum trading strategy: Aggressive traders can enter short at the current price of 4310-4340, while conservative traders can enter near 4380, with a stop loss near 4400, targeting around 4200-3170, and if it breaks, watch for the area around 4150-4100, continue to adjust the stop loss based on the situation!

Long position strategy: For Bitcoin, go long one lot on the first pullback at 113000-113500, with a stop loss near 112500, targeting around 114500-115000, and if it breaks, adjust the stop loss based on the situation!

For Ethereum, go long one lot on the intraday pullback at 4070-4100, with a stop loss near 4030, targeting around 4150-4180-4200, and if it breaks, adjust the stop loss based on the situation! #特朗普加密新政 #特朗普允许401(k)投资加密货币

Recently, Ethereum bulls have been active, but Bitcoin's upward momentum is insufficient, so subsequent rise chasing should be cautious. Ethereum is very volatile, and everyone should avoid holding positions; risk control comes first, and protecting your capital is the first step to turning things around!