74800 Bottom Fishing Week 20 Review Post, Interest Rate Cut Expectations Clear, Ethereum Breaks Historical High, Opening Up the Rising Space of Mainstream Altcoin Bull Market, What Should the Script Look Like Next?
Powell's dovish tone is resonating, and Sister Bei's actual account has recovered significantly, adding to full positions again, firmly optimistic about the future market. Last week, I mentioned that the large pancake would fall below the support of 112,000, and indeed there was a fake breakdown, combined with the interest rate cut benefits leading to a counterattack. Because the short-term rise was too fast, the indicators are being repaired over the weekend, and a pullback to support is a good entry opportunity; just buy on dips. The US stock market should still perform well when it opens next week.
The structure of the large pancake daily line W bottom has formed. After Ethereum broke through the historical high with increased volume, it has not stabilized yet. In the short term, the indicators are being optimized through fluctuations; breaking the new high again is just a matter of time. It is difficult to drop to a new low without significant black swan events. Of course, whether the large pancake can continue to break new highs in the short term determines whether the 4th wave adjustment is over and whether the 5th wave of rise begins.
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