Good morning, the Federal Reserve announced a 50 basis point interest rate cut. Although this move was within market expectations, it did not cause significant waves due to the long adjustment cycle and the market was fully prepared. The trend of the market outlook remains to be seen, and the possibility of rising first and then falling cannot be ruled out.
The current overall trend of the market is upward. Both the daily technical indicators and the moving average system are showing an upward trend. The 4-hour technical indicators are also the same. MACD and KDJ form a golden cross and run upward. The price is solid above MA5, and the rebound momentum continues. It has not yet Breaking through the 62500-63000 area indicates that there is still potential for higher. In the short term, this area will become the focus of attention. In terms of operation, it is recommended to focus on long-term thinking, while supplementing the anti-rebound strategy.
Operation suggestions
In the morning, Bitcoin can be bought near 61,500, and the target is around 63,000.
Ethereum can be more direct near 2350, and the target should be around 2450.
