Grayscale GBTC

Brothers, can I survive until the interest rate cut on Friday? I almost got liquidated a few days ago. I believe it is my destiny; the interest rate cut will definitely lead to a crash. #美联储降息预期升温 $SOL $BTC

It feels like we need to rally tonight, the labor bureau has changed to old Trump's people, the non-farm data was revised down, hitting old Biden, and paving the way for interest rate cuts. Yesterday's data further paved the way for a 50 basis point cut, and tonight's CPI is expected to similarly pave the way for rate cuts. We need to rally. It feels like we won't be able to hold steady when interest rates are cut. #CPI数据来袭 $SOL

$BTC #BNB创新高 $ETH #PPI数据来袭 Last night, Bitcoin and Ethereum bulls took the initiative to attack, with prices quickly surging in the short term. Driven by the continuous release of bullish momentum, Bitcoin successfully broke through the key resistance level of 113000 that had recently suppressed bearish forces, reaching a high of 114313. However, due to insufficient momentum afterward, it entered a correction phase. Ethereum's movement echoed this, climbing to a high of 4453 before also beginning to fall back. The core driving force came from unexpected positive news released in the evening. However, from the current market performance, the short-term momentum brought by the news has been fully released, and the market is gradually disengaging from the influence of the news, returning to a balanced range of bulls and bears. In the short term, the battle between bulls and bears will enter a tug-of-war phase, and as bullish momentum wanes, the subsequent downward channel is expected to open further.

From the four-hour perspective of Bitcoin, the market shows obvious characteristics of concentrated resistance. The signal of a pullback after a surge is clear, and the trend of retreat is still being reinforced, with the overall market running along a downward trajectory. The flow of market funds has begun to lean towards the bearish camp.

Ethereum's technical formation shows strong bearish signals, with a solid bearish candle directly breaking through the upper and middle Bollinger Bands. The market continues to decline and is constantly giving back the previous rebound amplitude, with bearish sentiment gradually warming up. Currently, the middle Bollinger Band is not only an important support level for the short-term market but also a key node that determines the direction of subsequent market momentum conversion.

Currently, the core support level for Bitcoin to pay attention to is the strength of support around 113000. This level is the core hub for the short-term battle between bulls and bears. If this support fails, it will test the levels around 112600/111600 again.

The short-term correction trend for Ethereum has not yet ended. In sync with Bitcoin, it is recommended to target around 4260-50 as a short-term downward target, and to closely observe the effectiveness of this support level to adjust subsequent strategies.