Tonight, the Federal Reserve's interest rate decision is about to be revealed, which is undoubtedly the focus of the market. The speculators may use this news to stoke the market, driving price fluctuations. However, investors must remain clear-headed and vigilant against the potential risks of a spike followed by a drop.
At two o'clock in the morning, the Federal Reserve will announce its interest rate decision. The market generally expects that there will be no rate cut this time. For Bitcoin, there are many resistance levels above. From a technical analysis perspective, around 97800, 97900, and 98500 are relatively reasonable positions for placing short orders. Considering various factors, it is likely that Bitcoin will struggle to effectively break through the 100,000 mark. If the market experiences a false breakout and the price quickly falls back, then a downward trend may begin. In this case, the key support levels below are at 91500, 90600, 89000, and 87516. Investors can consider entering long positions near these support levels.
From the technical perspective at the weekly level, Bitcoin has closed positively for 5 consecutive weeks, and the MACD is about to form a golden cross. On the surface, this seems to indicate that the price will move towards the 100,000 mark. However, I believe this process will not be smooth sailing. Before it truly takes off, the price is likely to test the bottom again. Therefore, for spot traders, my advice is: observe the situation tonight, wait for the volatility to end, and consider whether to enter and buy the dip after the price stabilizes.
Looking at Ethereum, it has also attracted the attention of many investors. If you plan to buy the dip, you should focus on the following key levels: 1752, 1688, and 1580.
The above operational suggestions are merely references based on the current market conditions and technical analysis, and are not definitive buy or sell instructions. The investment market is unpredictable, and investors must remain vigilant at all times, strictly implementing profit-taking and stop-loss measures to keep risks within manageable levels.
I hope that all friends who want to see this article can have smooth sailing on their investment journey, making profits every day and wealth rolling in!