Good evening, brothers. At 10 PM, Chairman Powell's speech was positive. A big bullish candle shot straight up. Fortunately, I stopped the brothers who wanted to short during the live broadcast; otherwise, they would be feeling anxious now.
Traders currently estimate a probability of about 90% for a Fed rate cut in September, while before Powell's speech, this probability was 75%. As long as it is greater than 50%, it is positive, and with positive news, we will definitely continue to hold long positions!
During the live broadcast tonight, I suggest that everyone not take positions before Chairman Powell's speech. Since the positive news has already come out, let's go all out and work hard! Once this news comes out, the market sentiment will gradually return, and the bulls can speak loudly!
There are no more levels tonight. After this surge, if I give a resistance level, some brothers might short again. I previously mentioned that there was an opportunity for a long position at the previous low of 1118, so if you have a long position now, you can continue to hold. If you can't hold, then reduce your position and take half off. Still repeating what I said before: as long as the expectation for a rate cut remains, 1245 on Bitcoin is not the peak of this bull market!
If you don’t have a long position now, don’t chase it. You’re afraid to long at the bottom, but not afraid to chase at the top? Wait until this surge is over before entering, anyway tomorrow is the weekend, so do whatever you need to do tonight!
Old Zhang doesn't have much strength, but on the 19th, he informed the brothers about the Bitcoin and Ethereum order levels in advance. Ethereum hit the point for the 20th and Bitcoin for the 22nd. What can I say? This doesn’t require any so-called insider information to see directly, maybe I’m just lucky, relying on the market makers to give face!
Recently, there have been big brothers coming to give rewards during the live broadcast, so let's give the brothers some red envelopes, as if the big brothers are giving red envelopes to the brothers! 🧧🧧🧧