Throat-cutting alert! The Federal Reserve's interest rate cut is the biggest trap in the crypto world?! Is $4888 bound to collapse?!

Last night, ETH suddenly soared and broke through its historical high, and everyone in the village is shouting 'The bull is back!' But as an old investor who has been navigating the market for eight years, I must throw a bucket of cold water on everyone. This wave of increase is not a 'restart of the bull market,' but rather a short-term excitement triggered by the Federal Reserve's interest rate cut expectations! First, look at two charts, then let me explain slowly:

News bomb:

Last night, Federal Reserve Chairman Powell suddenly turned dovish: 'Economic risks are increasing, and there are more reasons for an interest rate cut!' The market directly raised the probability of a rate cut in September from 75% to 85%!

It's important to know that the essence of the crypto market is a liquidity game. Once the dollar is flooded, global hot money will rush into Bitcoin/Ethereum and other 'digital gold' for hedging. But be careful! This is just expectations management; the real action will wait until September 19th. Jumping in now is like catching a flying knife!

Technical reality:

$4888 is a strong resistance level! Last night, three attempts were defeated here. This position is a concentration camp for trapped investors from March 2025, and without over $3 billion in trading volume, it can't break through the death line of $4745!

The middle line of the BOLL indicator + previous platform support, as long as we hold this level today, there will still be short-term opportunities with a strange 'dark cloud cover' pattern! Last night, a high-level bearish candlestick was formed, and combined with increased trading volume, it's a typical signal for main forces to induce buying; be careful of being trapped if you chase high.

My exclusive viewpoint:

Short-term players: Place short orders near $4888, set stop-loss at $4920, and target $4745-$4620.

Medium-term players: Wait for a pullback to around $4620 to enter long; this position is the support level of the upward trend line for 2025.

News trap: The Federal Reserve's interest rate cut is an open secret. Jumping in now is just lifting the sedan chair for Wall Street's quantitative funds.

This wave of increase is not a return of the bull market, but rather an operation by institutions utilizing interest rate cut expectations! Remember the eternal law of the crypto world: when good news comes, it’s actually bad news. Wait until the real interest rate cut by the Federal Reserve on September 19th; that will be the time to liquidate and run! Now is the time to hold your hands; don’t be the one to pick up the pieces.

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