Early morning price comparison accelerates downward, due to favorable expectations for the Federal Reserve, with a heated bearish sentiment. The market has also retraced about a thousand points, currently entering around 64,000 again to form a oscillation and correction. Ethereum is moving in sync with this, rebounding to near 1795 in the evening. Stimulated by news, Bitcoin once again declined to around 1728 to pause and rebound. It is currently holding at around 1750 in a oscillation. From this, it is evident that due to news factors, price fluctuations are also constantly changing. Such a situation, where bears are cautious, is also a form of wisdom.


Looking at the current market, the daily chart has once again closed with small fragmented bearish candles, with alternating bullish and bearish battles. The price continues to form rebounds around the range structure. In the short term, bulls and bears are oscillating repeatedly. The market is brewing a signal for a unilateral breakout. On the four-hour chart, a top-bottom reversal has already formed, with the price falling from the upper band to the lower band. The 637 below is the lifeline for the bulls. If it breaks downward intraday, increased volume will test the second bottom again. Therefore, the suggested operation is to buy on dips and observe the rebound strength. If the lower support is broken, we can follow the trend, attacking when appropriate and retreating when necessary.
Bitcoin can target above 64,000 in the morning, aiming for around 66,000. Ethereum can target above 1730, aiming for around 1800. #沃什首次FOMC维持利率
ETH-2.04%
BTC-1.61%
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PrajnaEth
· 8h ago
Buy the dip 😎
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