The Federal Reserve interest rate decision at 2 PM tonight, watch for volatility. There will definitely be no interest rate cut this time, and the market should have expectations. The key factor affecting the market is Powell's speech. Hawkish: Support rate hikes to control inflation, bearish. Dovish: Support interest rate cuts to stimulate the economy, bullish. Yellow Hair's speech: The Federal Reserve should cut rates by 200 basis points.
Although the escalation of the situation in the Middle East has pushed up oil prices, the market's expectations for a dovish shift by the Federal Reserve have strengthened. JPMorgan has launched institutional-grade 'proof of deposit' on the BASE chain, marking the acceleration of traditional finance's layout in the RWA field, boosting confidence in the crypto market. Bitcoin investors remain calm, with turnover declining rather than increasing, indicating that most holders are focusing on medium to long-term layouts. Short-term fluctuations mainly come from: 1. Oil price fluctuations triggered by geopolitical events 2. Expectations for the Federal Reserve's interest rate meeting on Thursday 3. Profit-taking by new short-term investors
After the 108400 high point plunder, there was a wave of selling that caused a position swap at 106000, becoming the key point of these two days. 1. Maintaining above 106 will continue to oscillate or rise. 2. Falling below 106 is seen as the end of the rebound, increasing the probability of testing 104 and 102. Support and resistance situation: Upper resistance: 108400, 110000 Lower support: 106000, 104200, 102600
In an uptrend, we accurately waited for a pullback to enter 'btc'. The first position is 1065 with a bullish target of 1080, reaching a maximum of 1089 before falling back. There is also close to 2500 points of space, I wonder how much you all made.
Auntie just happened to fall back at the first target, perhaps with a bit of luck involved.
Last night I had a dream, the largest black swan in history, the pancake dropped to 22,000, Auntie 1100, scared me to check my phone immediately, otherwise those few melons and jujubes would have made me lose confidence!
When the Trump family appeared in the Tron listing plan, the valuation logic of TRX was rewritten. According to the Financial Times, Tron plans to go public through a merger with Nasdaq company SRM Entertainment. This transaction is led by boutique investment bank Dominari Securities, which has close ties to the Trump family.
Yesterday's target point was set too high, the pancake reached a maximum of 1061, which is 400 points away from the target point, and Yitai is 2583, which is 17 points away from the target point. Although it did not reach the direct sales, all have already exceeded a hundred percent profit. The entry points are clearly provided, and the exit points also need to be controlled by oneself!
The key position below is 2381. If 2381 is broken, it will completely turn bearish. If 2381 is not broken, then ETH is considered to still be in this ascending channel.
BTC has dropped from 109 as expected. Yesterday, I guided everyone to do 🈳 at 1096 and pointed out the target of 1065. This position is worth paying attention to, as it has structural support and trend line support. If it tests 2-3 times without breaking, we can see new highs. Overall, this is a bullish tail market in my eyes, at most we might see a new high before a complete collapse. This is the last chance to escape!
Last night's frontline position layout 🈳 single, the subsequent tips are to take profits in batches. So far, we have successfully gained two thousand points. I am quite greedy; let the conservatives exit directly!
CPI will be announced at 8:30 PM tonight Inflation data below expectations is likely to lead to faster rate cuts, with a high probability of an increase Inflation data above expectations is likely to lead to a slowdown in rate cuts, with a high probability of a decrease Last week, the non-farm payrolls gave a 15-minute pin bar, waiting for tonight's CPI Currently, the key fundamentals that will affect the trend are non-farm payrolls and CPI, and these two data points will indirectly influence rate cuts. Other data do not need to be considered, as they have no impact on the crypto market.
Although Bitcoin has rebounded significantly from around the 100,000 mark, I believe this round of increase is more inclined to be a technical rebound rather than the starting point of a new bull market.
From the perspective of short-term patterns, the market is brewing a potential ascending wedge structure. This pattern typically appears at the end of an upward trend, suggesting a weakening of momentum. If this pattern holds, there is a technical demand for the price to break below the current support and retest the 106,000 area for support.
According to the measurement target of this ascending wedge, this round of rebound may reach the range of 112,000 to 114,000. It is important to emphasize that if the price effectively reaches this target area, the risk of the market peaking and retracing will significantly increase.