Reference for Public Opinion on BTC “Big Cake” and ETH “Auntie” No. 17:
First, let’s talk about the news: After the Federal Reserve confirmed a rate hike, reports emerged suggesting there could be a second rate hike. Meanwhile, the US dollar and US Treasury yields remain strong. In such conditions, risk assets tend to be suppressed. Right now, the market has no major positive catalysts. Funds are unwilling to step in to go long; as long as the price bounces slightly, there will be selling. Long positions lack confidence, and the overall environment is bearish.
Now, looking at the chart: Today, BTC and ETH bounced weakly. When price attempts an upward move, it gets hammered back down. In the short term, moving averages are pressing down on price. The recent swing highs keep stepping lower, indicating a weak market. This rebound is only a brief uptick, not a full reversal. Overall, the direction looks down.
Don’t chase shorts by following the drop. Wait for the price to rebound back to a resistance area before considering entering. ETH’s movement is synchronized with BTC. Make sure to use a stop loss. If the price holds above the resistance level, it would indicate that the bearish thesis is no longer valid.
Trading suggestions: If the rebound reaches around 77,000–77,500, you may consider going short.
🎯 Target: around 76,000–75,000.
ETH: If the rebound reaches around 2,450, you may consider going short.
🎯 Target: around 2,400.
Market volatility is high and unexpected news could suddenly change the outlook at any time. The above is only a publicly shared trading-thought reference and does not constitute any investment advice.
$BTC #美联储加息是否已成定局
#eth #Fed raises rates by 25 basis points; US stocks close lower
First, let’s talk about the news: After the Federal Reserve confirmed a rate hike, reports emerged suggesting there could be a second rate hike. Meanwhile, the US dollar and US Treasury yields remain strong. In such conditions, risk assets tend to be suppressed. Right now, the market has no major positive catalysts. Funds are unwilling to step in to go long; as long as the price bounces slightly, there will be selling. Long positions lack confidence, and the overall environment is bearish.
Now, looking at the chart: Today, BTC and ETH bounced weakly. When price attempts an upward move, it gets hammered back down. In the short term, moving averages are pressing down on price. The recent swing highs keep stepping lower, indicating a weak market. This rebound is only a brief uptick, not a full reversal. Overall, the direction looks down.
Don’t chase shorts by following the drop. Wait for the price to rebound back to a resistance area before considering entering. ETH’s movement is synchronized with BTC. Make sure to use a stop loss. If the price holds above the resistance level, it would indicate that the bearish thesis is no longer valid.
Trading suggestions: If the rebound reaches around 77,000–77,500, you may consider going short.
🎯 Target: around 76,000–75,000.
ETH: If the rebound reaches around 2,450, you may consider going short.
🎯 Target: around 2,400.
Market volatility is high and unexpected news could suddenly change the outlook at any time. The above is only a publicly shared trading-thought reference and does not constitute any investment advice.
$BTC #美联储加息是否已成定局
#eth #Fed raises rates by 25 basis points; US stocks close lower
