11.8 The Federal Reserve's interest rate cut is implemented, latest analysis of Bitcoin's trend #贝莱德比特币ETF交易量创纪录 #特朗普加密政策承诺 #特朗普加密政策承诺
After a day of sideways consolidation around $75,000, Bitcoin has once again launched a night-time rally, and trading volume is also showing an increasing trend. Bitcoin has successfully broken through its historical high, reaching a peak of $76,484. From a technical perspective, Bitcoin's trend still maintains an upward momentum. Both from various technical indicators and the charts of different time frames, it shows that Bitcoin remains in an ascending channel. This kind of trend often does not leave too much room for retracement, and the lower lows are difficult to break easily. Therefore, for those who are deeply stuck in short positions, it may have already lost the meaning of holding on. Recently, Bitcoin's upward trend remains good, and the short-term range fluctuations are also a normal market performance. From the current situation, Bitcoin is still generally in an upward trend. Moreover, as the market gradually rises, the momentum for adjustments might become weaker, while the upward amplitude may become larger. Today's short-term trading suggestion: short Bitcoin around $76,400 to $76,700, with a target of around $75,300 to $74,800. Long positions need to see if the market can trigger around $74,500 to $74,800; if the price reaches, it can go long.
Ethereum continues to rise in the morning, reaching the line of $2,946. In this market condition, a rebound is inevitable. The market trends at midnight are just as we expected, with no strong pressure top formed above, which means Bitcoin and the entire digital currency market still have further upward space. Although the adjustment structure in the short cycle may be somewhat misleading, appearing as a false adjustment, its impact space is actually limited. Strong trends, after a brief consolidation, can often quickly recover lost ground. Therefore, we expect the market to maintain a trend of following up after a slight pullback during the daytime trading session. Short Ethereum around $2,960 to $2,990, with a target of around $2,860 to $2,830.
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