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Details: ht
The Fed cut interest rates by 25 basis points, in line with market expectations. The coin price first rose and then fell, and then slowly rose again, completing a double kill for both long and short in the short-term. The interest rate cut news was merely a whipsaw tool, with no significant changes in the fundamentals. Currently, looking at the technical trends of BTC, the daily chart has been continuously rising recently, with a bullish line formed yesterday, breaking through previous highs indicating strong bullish momentum. The lows are gradually rising, and the highs are constantly refreshing, maintaining a bullish trend. The daily MACD is also in a golden cross pattern, favoring the bulls. Although there is a pullback demand, the pullback is merely for better upward movement; the interest rate cut has been implemented, and many people believe that the favorable information has turned into unfavorable information. However, the interest rate cut will lead to funds gradually entering the market, so the bull run will also gradually grow larger. Now, during the pullback, boldly take long positions; buy more as it dips!
BTC can be gradually allocated for long positions when pulling back below 116000, adding to the position every 1500 dollars it falls, buying more as it drops!
ETH can be gradually allocated long positions when it pulls back below 4520, adding to the position every 100 dollars it falls, buying more as it drops!
The trend is now confirmed as long, I do not recommend going short!