Market sentiment after the Federal Reserve meeting is generally leaning towards bearish. The highs are being tested repeatedly, the support at the bottom is influenced by rate cuts, leading to sharp rebounds followed by pullbacks. The highs are continuously moving higher, and the lows are also advancing step by step.
Yesterday's market showed a decline, with the lowest point reaching 89,200 before the US market opened. Our intraday strategy was to go long around 89,500, which was fully executed. After the US market opened, the price rebounded and broke through the low-pressure zone, successfully reaching 93,500. Ethereum also went long at 3,150, with a larger rebound target above 3,270. We do not waver in trading; do not fight the trend. We cannot change the market; the right approach is to follow the trend, go with the flow, and avoid perfectionism. Let everything happen naturally.
Based on the intraday small-level chart structure, the key resistance above is the previous high at around 94,500. Support levels to watch include 89,200 in the short term and 87,600 as an important support. Technically, oscillations favor a correction and rebound to go long. We patiently wait for the key levels to enter. The specific real-time market movements depend on live trading data.
BTC 🥇 91,000-91,500 long, target 93,000. After breaking through, focus on 94,000-95,000.
ETH 🥇 3,180-3,200 long, target 3,280. After breaking through, focus on 3,360.
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Black Friday BTC/ETH still able to break through?
Market sentiment after the Federal Reserve meeting is generally leaning towards bearish. The highs are being tested repeatedly, the support at the bottom is influenced by rate cuts, leading to sharp rebounds followed by pullbacks. The highs are continuously moving higher, and the lows are also advancing step by step.
Yesterday's market showed a decline, with the lowest point reaching 89,200 before the US market opened. Our intraday strategy was to go long around 89,500, which was fully executed. After the US market opened, the price rebounded and broke through the low-pressure zone, successfully reaching 93,500. Ethereum also went long at 3,150, with a larger rebound target above 3,270. We do not waver in trading; do not fight the trend. We cannot change the market; the right approach is to follow the trend, go with the flow, and avoid perfectionism. Let everything happen naturally.
Based on the intraday small-level chart structure, the key resistance above is the previous high at around 94,500. Support levels to watch include 89,200 in the short term and 87,600 as an important support. Technically, oscillations favor a correction and rebound to go long. We patiently wait for the key levels to enter. The specific real-time market movements depend on live trading data.
BTC 🥇 91,000-91,500 long, target 93,000. After breaking through, focus on 94,000-95,000.
ETH 🥇 3,180-3,200 long, target 3,280. After breaking through, focus on 3,360.