At 2 am, the Federal Reserve announced its interest rate decision. As expected by the market, the interest rate remained unchanged. However, most committee members support another rate hike in November. Federal Reserve Chairman Powell emphasized the unwavering 2% inflation target, even stating that achieving the inflation target is still a priority even in the event of an economic soft landing. He also stressed that the probability of a rate cut next year has decreased until the inflation target is achieved. These remarks undoubtedly caught the market off guard, leading to a sharp rise in the US dollar index and a surge in US bond yields, which is considered safe for the market. As a result, market sentiment soared after these positive developments!

Bitcoin Market Analysis

Let's review the market for Bitcoin from yesterday. Bitcoin fluctuated and retraced from around 27,500 to a low near 26,930. After the interest rate decision was announced in the evening without a rate hike, the coin price briefly rose before quickly retracing, targeting a price near 27,100.

From the current trend, the hourly MACD has retraced to a suitable level and is about to form a golden cross above the 0 axis, indicating that the coin price will rise again. Currently, the candlestick is running near the middle track of the Bollinger Bands. There were no significant market developments in the evening, and we are bullish for the day.

Ethereum Market Analysis

Let's review the recent market for Ethereum. Yesterday, Ethereum faced resistance around 1,660 and underwent a pullback during the day session. In the evening, the decision was made to not raise interest rates, leading to an upward surge. Mingjie also advised students to exit the market with the trend and then positioned short. The coin price dropped to around 1,600 and is currently running near 1,620.

The four-hour KDJ has reached the bottom and is about to form a golden cross. Currently, the candlestick is supported by the lower track of the Bollinger Bands, indicating limited downward space and an imminent rebound. The bottom support is still relatively strong. The MACD indicator's two lines are above the 0 axis, and the bearish energy column is about to decrease after a volume increase, indicating that the next trend will be maintained in a low-long form. Mingjie suggests going long at the current price directly, with the target set at yesterday's high. If it breaks above, it will continue to rise. If it fails to break, consider shorting. We hope to see continued attention to Mingjie's follow-up in this article.

Bitcoin Strategy: Go long near 26,900, with a target near 27,300.

Ethereum Strategy: Go long near 1,615-1,610, with a target near 1,660.

Trading is not about frequent transactions, but about correct transactions. Mingjie's style is to achieve continuous and stable profits. Our goal is to achieve stable profits for a win-win situation. Strictly adhere to the rules and execute them rigorously, manage risks well, and achieve continuous and stable profits. Being wrong is being wrong, never engage in deception or hindsight analysis. Long-term cooperation and like-minded friends are my ultimate goal. Join early to profit from good market conditions.

Stay tuned for more details!!!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。