The Federal Reserve's interest rate decision will be announced on September 18 at 2:00 AM. The interest rate observer shows a 98% probability of a 25 basis point rate cut, while the probability of a 50 basis point cut is only 1.9%. Therefore, it is basically expected to maintain the previous 25 basis point cut. Currently, the S&P 500 index and the Nasdaq index continue to hit new highs, and after four days of fluctuations, gold continues to rise, hoping to reach new highs.

Although gold has nearly doubled from the beginning of 2024 to now, reaching 3658, and central banks around the world are buying, trading in physical gold is very difficult for ordinary people, especially this year with many incidents across the country, particularly in Shenzhen's Shui Bei. Other countries' physical gold markets are not well understood, but given this situation, it is very challenging for ordinary people to invest in physical gold and make a profit. In contrast, Bitcoin's advantages are becoming more apparent. Stablecoins in Hong Kong have been adopted by several major internet giants, and domestic media are increasingly discussing Web3, with information bubbles loosening, which is beneficial for new investors to join.

Bitcoin

Bitcoin today again briefly spiked to 116759, hitting a new short-term high before pulling back. The daily chart is under pressure from the upper Bollinger band, indicating a need to revisit 113500 and the middle Bollinger band. With two days left, it seems likely to pull back before the rate cut, which could provide an opportunity for further increases after the cut. We will need to observe the actual market movements after the rate cut.

Currently, the rebound has reached the Fibonacci 0.5 level but is under pressure to fall back. The rebound is not strong, and we should pay attention to the strength of the pullback on the daily chart, while on the 4-hour chart, we should watch for support between 110000 and 112000. The long-term weekly MACD still shows a bearish signal, so whether Bitcoin can reach new highs after the rate cut will determine the risk on the weekly chart.

Support: 109000 to 110000

Resistance: 117400 to 118600

Ethereum

Ethereum broke through 4500 on the 12th and reached a high of 4769 on the 13th, also under pressure from the upper Bollinger band. This situation was previously warned about; for nearly two weeks, it has been in a narrow range between 4200 and 4500. It was mentioned that breaking through 4500 would lead to a continuation near the previous high before being pushed down again.

Currently, we are closely watching whether the support around 4450 can continue to rebound. If it falls below MA20, there is a chance to revisit MA60, which is the support at the bottom of the range between 4060 and 4150, before looking for a rebound.

Support: 4060 to 4150

Resistance: 4769 to 4956

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The article is time-sensitive and for reference only; it is updated in real-time.

Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Master Fu Su

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