#数字资产生态回暖 expectations of the Federal Reserve's interest rate cut have strengthened, the bullish atmosphere in the crypto market has heated up - BTC and ETH short-term swing operation guide



Recently, market bets on the Fed's interest rate cuts have been heating up. Last night, Bitcoin came out of a strong rise driven by the influx of main funds, but fell back after being suppressed at the 94,500 line. From the daily perspective, this wave of pull-up has created a lot of gaps near the MA5 moving average, and it is expected that it will bottom out to confirm support during the day, and then start a rebound.

On the technical side, the MA5 and 10-day moving averages are slowly rising, and the upper Bollinger band is gradually opening, which shows that the bulls are not bad. If the evening volume can keep up, Bitcoin is likely to hit the key pressure zone of 94,500-97,000 again.

Pulled to the 4-hour level, the price of the currency is still fluctuating near the MA5 moving average. Both the MACD and KDJ indicators are bullish, and although the hourly line has retraced in the short term, the overall trend on the daily chart still points to a bullish divergence. The focus here is whether the lower 91500-90500 support level can be held - once it is effectively broken, be careful; If you stand firm, the rebound from evening to early morning will be even more interesting.

The idea of intraday trend is to maintain a short-term swing strategy: long in the low area, supplemented by short pressure at high levels.

**BTC operation reference**: The 91500-91000 range is indirectly long, the target is 93000-94500, and the stop loss is set at 90500. High pressure can be moderately shorted.

Ethereum's trend is basically synchronized with Bitcoin. Last night, it also rose to around 3397 and was under pressure. The 4-hour online MA5 continues to rise, and the TD indicator has reached the TD5 position, and the bullish atmosphere is still quite strong. Although there is a retracement on the hourly line, the continued rise of the Bollinger Bands and MA30 EMA has given the bulls a lot of confidence. It is expected to bottom out and then rebound in the early hours of the day to test the upper pressure.

The upper focus is on the 3420-3530 line, and the lower support is focused on the 3280-3230 line. The operating idea of the short-term band remains unchanged.

**ETH operation reference**: The 3310-3280 range is indirectly long, the target is 3380-3420, and the stop loss is set at 3250.

This set of ideas should be enough to cope with the recent market rhythm, and will continue to follow up if there is any new progress in the future.
BTC-2.42%
ETH-0.92%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
UnluckyLemurvip
· 10h ago
If 91500 doesn't hold on, you really have to be careful, whether this rebound can stand firm or not depends on the quantity
View OriginalReply0
LiquidationAlertvip
· 10h ago
It's really a bit embarrassing that 94500 can't be broken, and I feel like the main force is playing us
View OriginalReply0
StakeOrRegretvip
· 10h ago
It's really a bit embarrassing that 94500 can't be broken, and I feel that the main force is stuck here
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)