Good morning, everyone. I drank a bit too much last night and woke up to find the market had made another big move.
Looking at the charts, BTC and BNB both bounced precisely off the first support level I mentioned earlier and started pulling upward, heading straight toward the first resistance zone. ETH and SOL were even more aggressive, dropping all the way to the second support before rebounding. ETH even touched the third resistance level. The past few days while I’ve been on a business trip have been relatively stable, with prices fluctuating within the expected range—so the advance positioning paid off.
Now, with the rate cut day on the 10th getting closer, the market widely expects a 25 basis point cut, which seems solid. Such expectations usually get priced in early, so if we see a real rally in the next few days, consider light short positions at higher levels—key BTC zones to watch are 94K, 98.5K, and 105K.
However, in the short term, I still recommend focusing on buying the dips. The rate cut expectation is clear, and overall sentiment remains bullish. But keep an eye on a key signal: if this rebound can’t break above the high from the 4th, it means upward momentum is lacking, and that’s when you can start setting up short positions on a smaller scale.
Since there’s already been a round of pumping overnight, today it’s better to wait for a pullback before entering new longs. The weekly candle just closed as well; I’ll go over more details in the live stream later.
**Key levels for today:** For BTC, pay close attention to 90230—as long as pullbacks hold above this level, the short-term bullish trend is intact. Resistance levels to watch are 91660 (minor resistance), 92680, 94150, and 96000. If 90230 is broken, we could see a 1-2 hour correction; at that point, watch the lower support levels.
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Good morning, everyone. I drank a bit too much last night and woke up to find the market had made another big move.
Looking at the charts, BTC and BNB both bounced precisely off the first support level I mentioned earlier and started pulling upward, heading straight toward the first resistance zone. ETH and SOL were even more aggressive, dropping all the way to the second support before rebounding. ETH even touched the third resistance level. The past few days while I’ve been on a business trip have been relatively stable, with prices fluctuating within the expected range—so the advance positioning paid off.
Now, with the rate cut day on the 10th getting closer, the market widely expects a 25 basis point cut, which seems solid. Such expectations usually get priced in early, so if we see a real rally in the next few days, consider light short positions at higher levels—key BTC zones to watch are 94K, 98.5K, and 105K.
However, in the short term, I still recommend focusing on buying the dips. The rate cut expectation is clear, and overall sentiment remains bullish. But keep an eye on a key signal: if this rebound can’t break above the high from the 4th, it means upward momentum is lacking, and that’s when you can start setting up short positions on a smaller scale.
Since there’s already been a round of pumping overnight, today it’s better to wait for a pullback before entering new longs. The weekly candle just closed as well; I’ll go over more details in the live stream later.
**Key levels for today:**
For BTC, pay close attention to 90230—as long as pullbacks hold above this level, the short-term bullish trend is intact. Resistance levels to watch are 91660 (minor resistance), 92680, 94150, and 96000.
If 90230 is broken, we could see a 1-2 hour correction; at that point, watch the lower support levels.