《Risk Warning — Federal Reserve Interest Rate Decision》
The entire market has favorable factors, but the overall sentiment remains weak, likely related to the Federal Reserve's interest rate decision at 2 AM tomorrow. Most of the market has chosen to wait and see, waiting to choose their camp after the announcement of good or bad news.
After two interest rate cuts, the exchange rate has reached 4.5%. The market expectation this time is also 4.5%. Taco expects it to meet expectations and remain stable, but hopes for a rate cut to inject some vitality into this sluggish market.
Bitcoin mainly experienced fluctuating declines yesterday. After breaking the trendline on the 4-hour chart, 82000 became a resistance level, and the bottom has also lowered, with strong support around 79800.
Ethereum needs no further explanation; its presence is inevitable in a market downturn. Taco mentioned that resistance is around 1950. It peaked at 1952 early yesterday morning before starting a downward trend, with support around 1780 and resistance still at around 1950.
Knowing that there may be risks, fans who open positions need to avoid this time point and not gamble on the direction. With such significant news, the probability of sharp fluctuations is high, and one must be aware in advance.
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