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BTC: The Federal Reserve's interest rate cut of 25 basis points in the early morning was in line with expectations. The price of Bitcoin first rose and then fell, which aligns with the ideas presented in yesterday's video. On the daily chart, the price has once again fallen below the key support area of the 5-day EMA. 94,500 is a clear selling pressure zone, a level that has been tested multiple times without a breakthrough. This position may require an indicator correction, with key support below at 88,000 and minor resistance around 92,000.
ETH: In the early morning, the short-term high reached around 3,446, which is also the area for long positions to reduce their holdings mentioned earlier. Overall, the bullish structure is slightly stronger; as long as the daily chart does not fall below the 3,050 area, this round of Ethereum's rebound has not yet ended.
For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.
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