Thursday, rate cut decision finalized, oscillation momentum weakens
Brothers, I'm late—I pulled an all-nighter last night and I'm exhausted. Let me give you a quick rundown of the market outlook. The Fed maintained rates unchanged, and Powell's speech was just tap-dancing around the issue. His message is clear: inflation won't come down, so rate cuts are nowhere in sight. This is bearish for crypto in the short term. We expect to return to oscillation cycle momentum. Our long-term shorts remain unchanged, we're playing both ends on short-term trades. Recently, I'm not optimistic about seeing any major one-sided moves.
Before the data release, the market pre-digested panic sentiment. Bitcoin sold off from the intraday high of 74,600, and U.S. stocks opened lower, further accelerating the downside. The low touched 70,400 before bouncing and correcting. Although it rallied over a thousand points afterward, it couldn't reclaim lost ground and stabilize, so we're first watching whether 70,000 holds. Before that, we go short primarily—if it doesn't break, then we consider short-term longs.
Bitcoin: Short the 71,700-72,200 zone, target 70,000. If it doesn't break, reverse to long.
Ethereum: Short the 2,220-2,250 zone, target 2,130. If it doesn't break, reverse to long.
I'm online watching charts eighteen hours every day—wake at 7 AM, sleep at 2 AM. I've maintained this lifestyle for seven years. Seven years of grinding to forge a sword—can we slay the dog whales? We await those with determination, and we only lead those with determination. Finally, wishing everyone smooth sailing.