This article is only a personal market opinion and does not constitute investment advice. Any gains or losses incurred from actions taken based on this are at your own risk.

The interest rate cut has passed, and the biggest shoe has dropped recently, with no surprises or unexpected events.

Comparing with the views in the last article, the trends of BTC and AVAX are basically within expectations, steadily moving upwards, and the pullback is not significant. On the contrary, the volatility of AVAX exceeded expectations, first breaking through 4500, then failing to reach 4800, and last night it pulled back to around 4400. Fortunately, after a short-term consolidation, it has restarted its upward momentum.

First, looking at BTC, the contract trends on CME clearly show a typical sideways consolidation pattern, presenting an ascending flag shape. The consolidation area is the flag part, with a range of 11.43-11.74w. After breaking through the resistance, based on the corresponding upward target calculated from the flag shape, it should be near the previous high of 12.3w. Combined with the head and shoulders bottom pattern mentioned in last week's article, the recent target positions are 11.9w+ and 12.3w. As long as it does not pull back below 11.43w, it can continue to be held for potential gains.

From a daily perspective, ETH is oscillating within a triangular convergence area, waiting for a breakout. The main focus is on when the previous high will break out with volume. Since the price approached 4800 on August 13, it has been consolidating for over a month. However, upon closer examination, the last three low points (August 20, September 6, and September 17) have gradually risen, and now it just needs a new high to confirm the continuation of the upward trend. Personally, I believe that as long as it does not break below the ascending trend line, it can still be held for potential gains.

The trend of AVAX meets expectations, showing a very nice double bottom structure, with the first target around 38. Continue to hold.

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