Market Today

There is a fundamental-news impact on the market, but as mentioned in previous meetings, there has been talk about interest rate hikes, though no actual action has been taken yet. However, a decision will be made in this meeting or the next one.
For Big Cake, current pressure is at 63,500. This level is a strong resistance; only if it breaks out and stabilizes can there be room for upside. The top of the range is at 64,800. Judging from the four-hour chart and the naked K-line view, the bias is bearish. More aggressive traders can consider shorting around 62,800–63,000, targeting 61,500, with a stop loss at 63,500.
The idea for “Second Cake” is pretty much the same as Big Cake. You can short in the 1,795 to 1,800 range, take profit at 1,765, and set a stop loss at 1,820$BTC ‌$ETH ‌