This week, the Federal Reserve raised interest rates by 25 basis points for the first time in three years as expected, and the market completely fulfilled the previous bearish expectations, completing the classic trend of "buying the expectation, selling the fact." Previously, the market experienced a significant pullback due to fears of interest rate hikes and negative effects of legislation, with BTC dropping to a low of around 74900. All bearish sentiments had been fully released before the decision was announced. With major macro uncertainties completely resolved, the market's panic sentiment has dissipated, and funds have begun to flow back in for bottom fishing. The market no longer possesses deep downside momentum, and short-term consolidation and steady rebound have become the main rhythm of the market.
Looking back at the overall midnight chart, after hitting the low of 74900, BTC and ETH have shown a continuous upward structure, with a small rising channel successfully established and clear signals of bullish accumulation. All long positions set at these lower levels are in profit, whether it is the low buy at 76000 during the day, the bottom buy at 75000 in the early morning, or the long positions established near ETH 2370. All can be held with confidence. The following pressure ranges to look at in batches: BTC aims for 77500—78500—80000, and ETH targets 2500—2550—2600, progressively aiming for breakout profits.
On the hourly chart, BTC's performance is very strong, with prices continually relying on the upper Bollinger band to operate, the channel is continuously opening upwards, and short-term bullish momentum is continuously generated. Any slight pullback serves as a repair accumulation without any signs of weakness or breakouts.
On the 4-hour level, the structure is even more standardized, with prices stabilizing after hitting the bottom and consecutively forming six bullish candles. The bottom has clearly risen, with the 75000 area forming strong support through a double bottom test, and the bottom structure is solid and stable. Currently, prices have slightly rebounded to test the middle Bollinger band resistance, which is a normal pressure repair and not a reversal. In terms of indicators, MACD bullish volume is continuously increasing, and the bullish trend on the 4-hour level has gradually taken shape.
The core logic of the current market is very clear: the trend has turned bullish, it is essential not to chase highs, and the main strategy is to buy on low retracements. Short-term bullish sentiment has warmed up, but it has not yet entered a strong one-sided surge phase. Under the oscillating upward rhythm, chasing highs is easily met with a washout pullback. Patience is required to wait for support retracements to position again, ensuring the best margin for error and profit-loss ratio.
BTC Operating Thoughts
Core support below: 76000, 75000, participate in batch low buys within the support area during the evening
Gradual resistance above: 77500—78500—80000
ETH Operating Thoughts
Core support below: 2420, 2370, gradually set long positions based on low support
Gradual resistance above: 2500—2550—2600
The essence of trading is to step accurately on the trend turning point; when bearish sentiment is exhausted, it is a bullish signal. Previously, the market was repeatedly suppressed and washed out by interest rate hike expectations, with all panic chips at low points fully cleared, and the bullish structure has now returned to being complete. The double bottom test confirms support, and the rising channel is steadily increasing, with the market's focus continually moving upward.
The market has completely bid farewell to the pattern of weak declines; do not view the current market with a bearish mindset. Grasp the low long positions in line with the trend, avoid frequent operations, and do not blindly chase highs. Steadily position based on key support, patiently wait for this round of rebound to continue to ferment, and steadily gain from the oscillating upward phase. For more market explanations and real-time guidance, follow the official account: Zhongliang BN
⚠️ Warm reminder: The above is only a personal technical review and does not constitute any investment advice. Cryptocurrency market fluctuations are rapid; it is crucial to manage positions strictly and to set stop-loss levels for rational trading.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
