#美联储恢复降息进程 This movement in the early hours was really exciting. The price first dropped to a low of 83822, and the long positions did not hesitate but returned immediately. After reaching a high of 86860, it started to move sideways. Ethereum also moved, recovering from 2716 to around 2814 before stopping.

Yesterday, a team managed to take advantage of this trend - after making a small profit from the long positions, they immediately reversed the position to the short positions, where Bitcoin short positions achieved 7385 points, and Ethereum also gained 269 points. A level of 90000 was previously alerted, which is considered a major support, and if broken, a downward trend should be considered, initially targeting 87000. This logic was also confirmed during the market review in the morning, and friends who followed the trend should have made profits.

Now let's take a look at the technical side. After the Bitcoin price stopped at 83786, we witnessed a rise over two consecutive hours, but this is just a weak correction, and the price is still trapped in a bearish channel. The pattern of short positions has not changed, and the short-term outlook remains in short positions order, with the middle band of the Bollinger indicator trending downward. Is this round of recovery? In other words, it is just catching a breath, not a trend reversal.

The most clear hour - the Bollinger Bands are closing in, and their lines are moving horizontally, indicating that we might enter into tight fluctuations. Although the candles are approaching the support of the lower line, the pressure from above is very evident, which means that the space for recovery is limited. Even though the MACD has crossed gold at the bottom, the momentum is weak, and the energy is low. These fluctuations are a technical adjustment in a bearish market, and there are no conditions for reversal.

By looking at the structure of the multiple periods, the market still generally tends to decline. It is advised in morning operations to focus on selling at highs, but you should be particularly cautious of Powell's speech at 9 AM, as Federal Reserve statements could lead to short-term volatility, so you must be extremely careful of unusual market movements and strictly control risks.

References for the specified points:
Bitcoin: Short positions in the range of 87000-87500, the target is heading towards 84000
Ethereum: 2800-2830 long positions area, the target is heading towards 2650

The expectations for the Federal Reserve to restart interest rate cuts are still reacting, and the impact on the cryptocurrency market should be monitored continuously.$BTC #