How should one operate after the rate hike?

A 25-basis-point rate hike was fully in line with expectations and did not cause even the slightest ripple. Moreover, the upper range was not broken, and price is still at the bottom of the central range, so rushing to short would be betting on a certain decline and is definitely inadvisable.

After ETH successfully defended 2360 for the first time, yesterday marked the third test, and it still failed to break through. During the current rebound, it will retest the resistance above 2500, while volume is currently declining as price rises. Therefore, there is still room for short-term gains, but 2550 still carries heavy selling pressure, so overall, it remains range-bound.

Of course, I still maintain the previously mentioned bullish view on a pullback. It just has not broken out of the range yet, so we should continue to treat this as a consolidation phase. Shorting at higher levels remains viable; continue looking for shorts in the 2500–2600 range. I favor taking a short position around 2545.#ETH$ETH