The Federal Reserve's rate cut around 2180 has provided a long-term opportunity! Currently, there is 150 points of room to go! The market has not shown any bullish signals! So let's follow the trend!

Recently, the altcoins have been extremely weak! No matter how Bitcoin moves, they remain indifferent, looking as calm as water! Completely unaffected! Today, the market experienced a broad decline, with mainstream coins all pulling back. Bitcoin dropped below the 69,000 mark to $68,100, and altcoins even dipped to $2,030. But what’s truly worth paying attention to are the unusual movements on the gainers list.

Currently, both of them have reached the lower blue trendline without breaking below. If Bitcoin also breaks down along with them, we can consider a bearish outlook. Currently, rebounds to the upper boundary of the descending channel are good entry points for shorts. If the trendline is broken, focus on the midline and the lower boundary of the channel. Basically, there are two key levels: short-term at 1980 and 1820! For the long-term, look around 1620!