Good afternoon everyone!

Interest rate cuts are approaching. In the past two days, everyone should remember to defend well while trading, and not to excessively chase highs and sell lows. Treat it as a wide-range fluctuation to handle, because everyone is thinking about an increase due to the interest rate cut news, which is logical. However, the market makers are not fools, right? Otherwise, they would get trapped. In the next couple of days, try to choose to go short.

The large coin has currently retraced after peaking at 116300 yesterday, falling to the 1144 line and then rebounding to 1157. After midnight, it began to decline slowly, first targeting 114000, rebounding to 1145, and then continuing to probe the 1135 position. Therefore, we need to focus on the 113000 level. This means that breaking below 113, regardless of whether interest rates are lowered or not, the trend will still be bearish at least before any rate cut. So today, let's pay attention to 1130; we can consider entering a long position nearby, with a stop loss just below 113. On the upside, we focus on 1145, and only breaking through this level allows for a rise to 115-116. Once at a high position, we can consider entering a short position. A good area to consider entering long would be 1135-1138, with a stop loss at 1128. If it stabilizes above 1145, then we look towards 115-116!

Ethereum is similar to Bitcoin, pay attention to the 4050 level below, similarly, a pullback to 4060-4080 can be used to go long, with a stop at 4040, targeting 4130, and if it stabilizes, look towards 4160-4200!