Early morning U.S. market hours still show a bearish tone.


At the moment the Federal Reserve's interest rate decision is announced, the market experiences a volume spike, with a sharp dip to around 74,800, then rebounds and recovers.
Ethereum and Bitcoin move in sync, with the market once dropping to around 2220 to halt the decline and then recovering, currently back up to around 2250.
Old Bow and Trump are doing the same as before; the Fed's decision leans hawkish, and their comments are also quite good.
Not sure what exactly they are up to, but continue to operate based on the pattern.

From the 4-hour chart, a clear medium-term weakening signal has appeared.
Previously, a prominent multiple top structure was formed in the 78,500-79,000 range, with candlesticks repeatedly showing long upper shadows, indicating heavy selling pressure at high levels.
The previous solid bearish candle effectively broke below the neckline at 76,000 and the MA120 medium-term vital line, forming a key breakdown, turning the entire 74,000-79,000 zone into a high-level trapped area.
Currently, after breaking below the middle band of the Bollinger Bands, the rebound is weak and unimpressive, a typical continuation of a weak trend.
The core support below is in the 74,500-74,000 range, formed by a dense area of previous candles and the lower band of the Bollinger Bands.
If the price cannot find effective support in this zone and rebound to recover 76,000, the 4-hour downtrend will be officially confirmed, opening up a larger downside space, with a continued likelihood of breaking below 73,000.

Bitcoin can be shorted in the 76,000-76,500 range, targeting around 74,000.
Ethereum can be shorted in the 2260-2280 range, targeting around 2200.
#加密市场小幅下跌 $BTC $ETH
BTC-0.82%
ETH-1.61%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments