$BTC $ETH Powell's comments tonight stimulated the market and caused a surge, with sentiment for a rate cut in September soaring.
Personally, I do not expect a rate cut in September; I am more optimistic about a subsequent trend of oscillating downward, which can also be understood as a bear market. BTC breaking 110,000 will go to 98,000, and ETH breaking 4,060 will go to 3,300.
Tonight, BTC has risen to 116,988, and ETH to 4,668. Regardless of whether it drops or fluctuates over the weekend, this is the high-level V-shaped drop area.
I do not recommend that everyone enter the market with spot trading at this position.
There are two modes for spot trading: swing and medium to long-term. Swing trading is like playing contracts where you need to monitor the market frequently, so generally, spot trading pursues a free-style medium to long-term approach. Therefore, continue to observe.
I won't mention contracts; short-term indicator analysis makes it easy to enter for swing trading. For example, recently ETH has had large fluctuations, oscillating between 4,060-4,380. High short and low long operations can be used back and forth, and today's market drop is also around 4,200, which is also the support point from yesterday's pullback. If the short-term indicator analysis shows bullish trends, isn't this a great time to catch the surge caused by Powell's comments? This also highlights the importance of indicator analysis.
