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“Stagnation in place,” a weak stalemate that actually awaits the Federal Reserve’s “rescue”
Currently, market volatility is narrowing, isn’t the trend just oscillating back and forth within a predetermined range? Those who are tangled in the direction, haven’t they seen through this clear oscillation framework?
Strong resistance at around 89,000 for Bitcoin is evident, with heavy selling pressure near $89,000, no additional capital support, where is the upward space? Are we really expecting a countertrend rally to appear out of nowhere?
For Ethereum, the volatility is even narrower, and the weak market pattern is obvious. Upward momentum is exhausted to the extreme, the bearish dominance is straightforward. Short-term, stay firmly short and buy the dip. Do I need to repeat such simple logic? Without even a sign of stabilization, those hoping to buy the bottom are not afraid of being slapped in the face by a downward trend?
Macroeconomic bearish signals remain unresolved, safe-haven funds continue to exit. Are we still hoping for a market reversal at this point? The “sideways oscillation” is likely to continue, and the trend will clearly wait for the Federal Reserve meeting to conclude. Those eager for quick gains, don’t they understand that the market won’t shift according to individual will?
Big brother, get in the car and go downhill 📉
(Open) ambush point: 89500-90000
(Defense) defensive position: 90500
(Collect) hunting target: First stop 87500, second stop 86000
Second brother, get in the car and go downhill 📉
(Open) ambush point: 2965-2985
(Defense) defensive position: 3020, congestion at 3000 recognized
(Collect) hunting target: First stop 2920, second stop 2860