#Fed Cuts Rates By 25 Bps##BTC Reserve Market Impact##XRP ETF Goes Live#

Analyst Liang Qiu: On September 18, Bitcoin and Ethereum interest rates first fell and then rose, still facing pressure above in the short-term. Bitcoin and Ethereum were affected by the interest rate cuts early last night, experiencing significant fluctuations with a fall followed by a rise. In the early session, they once again surged to the levels of 117850 and 4642 before starting to retreat, with the rally being quite evident. During the day, there will be another attempt to test the upper resistance levels, focusing primarily on the pressure zone between 118000 and 118500 for Bitcoin. Currently, the news has settled, and the subsequent movement will be more about technical trends. Bitcoin has broken through the resistance level of 114,000 on the daily chart, forming a bullish engulfing pattern and resonating with a MA golden cross, but the MACD red bars are shortening and the RSI is approaching the 70 overbought zone, indicating a weakening of upward momentum. On the 4-hour chart, the Bollinger Bands are opening upwards, the price has broken through the upper band, the MACD has crossed golden and momentum is strengthening, suggesting that the short-term may continue to rise, with a key resistance level at 118,000 and support at 114,000. On the daily chart, Ethereum has rapidly surged after a series of bearish closes, and on the 4-hour chart, it has reached the upper band of the Bollinger Bands; however, the hourly and 4-hour charts have started to pull back after a peak, focusing on repairs during the day. The trading suggestion is to short Bitcoin around 117800 to 118300, with a target near 116000; short Ethereum around 4620 to 4640, with a target near 4510. 】#美联储降息25个基点##BTC战略储备市场影响##XRP ETF上线#

Trading is about who can last longer. Don't worry about short-term losses; as long as you don't Get Liquidated and have capital, there are infinite possibilities. 👍 The cryptocurrency market is like PUBG; only by surviving is there hope! A one-sided market is actually deadly for retail investors because only in a one-sided market will there be a continuous flow of funds trapped. If you get trapped, you either have to cut losses yourself or wait for the big players to do it! #XRP ETF上线# #美联储降息预期升温# #币圈趣事分享#