Yesterday, all eyes were on the highly anticipated FOMC meeting, but the currency price did not see any significant release. Subsequently, it underwent a slow and narrow range oscillation and decline. It is evident that the market sentiment is relatively low, leading to a continuation of the slowdown in the market. Xu Bin also entered a long position at 26500 overnight and is still holding it, making it another sleepless night. Hopefully, there will be a conclusion tonight.
On the 4-hour chart, the Bollinger Bands are showing a downward turn with parallel three lines. The lower Bollinger Band coincides with the lower point of yesterday's oscillation range at 26642, validating the morning's strategy. It is likely that the market will continue to oscillate within the range over the weekend, and there is currently no sign of breakthrough momentum. A lack of breakthrough momentum in the oscillating trend, coupled with insufficient unidirectional volume, will lead to repeated fluctuations and a preference for long positions. The key lies in pinpointing the operation, with direction being secondary. In the short term, focus on shorting below the middle band and longing above the lower band, trying to get as close to the edge of the range as possible to reduce the risk of being washed out. Since the rebound is weak, it is advisable to maintain a bearish stance for the evening.
BTC Short-term: Sell at 26750-26850, with a target of 26350, unchanged, and a breakthrough at 25800
ETH Short-term: Sell at 1605-1608, with a target of 1575, and a breakthrough at 1530
BCH Short-term: Sell at 210-209, with a target of 206, and a breakthrough at 201
The night is still young, and there are two sofa positions available.
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