Thursday, WoSh’s debut ends as the bears return again

After the Federal Reserve’s interest rate decision press conference was released in the early hours, the market immediately stepped into a typical hawkish move. The US Dollar Index surged sharply, while US stocks (Nasdaq), gold, and Bitcoin all plunged in sync—fully matching the asset reaction to “tighter expectations heating up.” Rate cuts are nowhere in sight, and bearish sentiment once again swept across the globe.

From a technical structure perspective, the daily chart shows three consecutive red candles. The bears are in a downtrend continuation phase after a pullback from a high. There may be some minor attempts higher and pressure-testing in the middle, but the overall direction remains downward. This round of setting a trap for the downside is highly likely to break the previous low of 59000, so for now we just need to stick to one direction: keep the shorts going to the end.

For BTC, short in the 64500–65000 area. Target 63000; if it breaks down, look for 62000. For ETH, follow the same idea: short directly in the 1750–1780 area. Target 1700; if it breaks down, look for 1650. For the long term, add lightly and in batches on the swings; targets 58000/1500.