At 3 AM on the 19th, there are still 12 hours until the interest rate decision, with a 98.6% probability of a 25 basis point rate cut. The critical moment for Bitcoin is approaching, with support moving up to 103,000. If it does not drop back, the outlook remains bullish, but we need to pay attention to a potential downward correction. There is also some risk here; we mentioned earlier that this phase resembles the situation when the BTC spot ETF in 2023 surged to 49,000 and then retraced. The time frame is currently 35 days, compared to 37 days before, and it is also maintaining an upward channel, so this is something to watch in the coming days.

Bitcoin

The price of Bitcoin reached a high of 108,353, which also touched the upper boundary of the upward channel before retracing. We need to pay attention to the key support levels of 102,000—103,000, which must not fall back below; a drop back would indicate a false breakout. We also mentioned that the spike of over 10,000 points on December 6 was a sign of overextension, and even if it continues to rise, we need to be cautious of a potential retracement.

In the 4-hour chart, it tested 94,150 again. At that time, we reminded to buy the dip near 95,000 on 24/12/11, and the second test was temporarily effective. It is about to challenge the previous high resistance again. How to grasp the Spring Festival red envelope market? The rebound has also seen a rise of 14,000 points, or 14%. Today's closing must not be below 102,600; otherwise, it is likely to form a "Evening Star" pattern, and the 4-hour upward trend may break.

Support: Resistance:

Ethereum

Yesterday, it hit a new high of 4,107 before retracing, which is also a second test. As of the time of writing, it has returned to around 3,820 for support. After the rebound, it has formed a sideways consolidation, with the first support at 3,750 and the second at 3,509.

SOL

Continuing to operate within a downward channel, it is also being suppressed by the middle Bollinger Band, so we can only continue to look bearish.

Support: Resistance: If you like my views, please like, comment, and share. Let's navigate through the bull and bear markets together!!!

The article is time-sensitive and for reference only, with real-time updates.

Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu

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