September interest rate cut basically confirmed

Will we迎来 a爆涨 market?

Last night, the Federal Reserve released favorable news regarding interest rate cuts, resulting in BTC surging to around 117,300, while ETH directly broke its previous high, which is really strong. It is evident that this is ETH's home ground, and ETH has once again become the leading bull. So, does this mean that BTC is about to迎来 a huge surge and break new highs, while ETH goes directly to 6,000?

First, talking about BTC, I personally believe that the weekend market should experience some震荡回调 and will not immediately pull up again. Therefore, for BTC to rise again above 120,000, I think BTC must first stabilize above 116,000 and break through the 118,500 daily level of pressure to have a chance to reach 120,000 or get close to new highs. However, breaking through the new high of 124,500 again, I think the difficulty is very high, but it is not completely impossible. For this market, we need to observe as we go. As long as BTC returns to a suitable point, I believe it will rise again. As for how high it will go, let's first look at the 118,500 level. Currently, BTC hasn't even stabilized at the middle band of the Bollinger Bands, so we still need to observe for BTC's rise. As for ETH, as long as BTC continues to rise, its future potential is really very large. As long as BTC attempts to break through the pressure of 118,500, ETH will continue to advance above 5,000. Therefore, this weekend, we should not rush to追多 and should wait for a回调!