Good morning, this is the strategy from Lao Wang in the early morning for everyone. He suggested to take a long position on the pullback, and it has indeed played out in the market. This is the benefit of following the market trends. I wonder if any of you managed to catch this perfect opportunity of thousands of points back and forth and exited successfully.

Now, let's return to the actual market. Looking at the 1-hour price chart, the interest rate decision and Powell's press conference in the early morning did not bring any favorable market trends. The price is still oscillating within a wide range, and the K-line is currently close to the upper Bollinger band, with limited upward space. Additionally, the MACD indicator has shown a death cross below the zero line, so Lao Wang continues to maintain the strategy of taking long positions on pullbacks to view the market trends. From the Bollinger Bands, we can see that the short-term support level is around 103000, while the upper side is heavily pressured. A correction due to stagnation is inevitable. Therefore, in the short term, we will first take short positions to seize the opportunity, and then wait for the price to pull back before taking long positions in the direction of the trend.

Trading suggestions:

Bitcoin near 105300, target 103500.

Ethereum near 2550, target 2480. #美联储FOMC会议 $BTC