First of all, in the decline of the previous two days, Bitcoin tested the 27600 mark, and Ethereum tested 1800 and then confirmed the bottom and began to rebound. After the small-level rebound, it paved the way for the interest rate hike event and began to warm up the market. The daily structure always remained near the watershed and failed to break through either side. The overall market was oscillating within the box. The interest rate was raised by 25 basis points in the early morning. After the main force finished the negative news in advance, the price began to reverse in the evening. At present, Bitcoin has returned to the upper side of the box structure again, and Ethereum is still weak.

News: Yesterday's ADP (small non-farm) exceeded expectations and previous values ​​by a wide margin, which was good for the US dollar. At the same time, the market began to fall in line with the negative impact of the interest rate hike, but it did not break through in the evening and reversed again. However, the announcement of the small non-farm also gave a preventive measure in advance. The expectations for the big non-farm tomorrow night will not deviate much, and yesterday, Federal Reserve Chairman Powell also mentioned: There will be a pause in interest rate hikes in the future, but considering the current inflation, there will still be no interest rate cuts. In principle, there is no need to raise interest rates again to a higher level, and interest rates can already meet the current restrictive level.

Technical aspect: The four-hour Bollinger Band is the most direct indicator of this market. Basically, the first wave of the four-hour lower track of 27600 has touched the bottom support and then began to rebound. It began to fluctuate and absorb funds when it approached the middle track, and then pulled up the market in conjunction with the data market. The daily line also stabilized the middle track in this market, but it still needs time to verify. In the short cycle, the box is still in adjustment, and there is no phenomenon of breaking on either side. Therefore, before the arrival of tomorrow's non-agricultural data, short-term trading is the main focus.

Operation suggestion: At present, the main Bitcoin is leading the team, and the Bitcoin trend is preferred for layout. After today's rise, it continues to fluctuate around 28900-29300. The short-term bulls are still strong, so the operation is mainly based on callbacks. It is recommended to go long directly at the current price of 29000, and the price for replenishment is set at 28700. Stop loss: around 28500, the target is 29300-29650-29800 (take profits in batches)

For Ether, pay attention to the position of 1880. If the white market cannot fall, you can choose to enter the market, with the target of 1910-1925 (short-term), and the stop loss of 1855

(The above are all personal ideas and suggestions for reference. All transactions are risky. Any operation requires everyone to do a good job of risk control. Do not make aggressive operations that may cause damage to your own positions. For more trading experiences, please pay attention to the homepage dynamics) #BTC #crypto2023 #ETH