Yueying: Analysis of today's Bitcoin and Ethereum market on September 15th: Is a rate cut inevitable? Will there be a sharp drop and a market shakeout?

Technical Analysis of Big Cake: The aforementioned long position strategy for Big Cake at 114800 saw a rebound of over $2,000 at 114600. The daily chart shows a positive candlestick formation, with the market opening slightly retracing before continuing to test the upper band. The Bollinger Bands are open, and the short-term moving average continues to trend upward. The MACD fast and slow lines continue to extend upward after breaking through the 0 axis, but the volume has decreased again. The KDJ dipped downward before finding support and moving upward again. Continue watching for resistance near 100. The VR indicator is consolidating around 110. Overall, Big Cake is in a strong structure, having not broken below the 60-day moving average. The Federal Reserve will announce a 25 basis point interest rate cut tonight, which is essentially confirmed. Whenever there is significant data, there is inevitably a market shakeout. Therefore, retail traders should adopt a wait-and-see approach before and after the announcement. In the short term, we are optimistic about an initial rise followed by a decline. Upper resistance is around 120,000, while lower support is around 114,000 and 112,000. Bitcoin short-term recommendation: long 114,800 (long 112,800), short 120,200 (short 123,300). Yesterday's performance was weaker than Bitcoin's, with a slightly stronger pullback. The market tested support at the daily middle band before rebounding. Currently, the Bollinger Bands are in a narrow, flat range. The four-hour chart rebounded from the 60-day moving average and is now testing the middle band. The Bollinger Bands are trending downwards, showing signs of narrowing. Focus on resistance at the upper Bollinger Bands on the daily and four-hour charts. If a breakout occurs, focus on the previous highs. Below, focus on support at the previous lows, followed by support around 4,300. My short-term recommendation: long 4,460 (long 4,348), short 4,658 (short 4,788). (Profits will be determined upon activation of the strategy.) — I'm Zhou Yueying. Click on the image to view the homepage introduction for more currency analysis.